Blue Sky Uranium Corp. (TSXV: BSK | FSE: MAL2 | OTC: BKUCF) has announced that due to high investor demand, it is increasing the private placement announced on 26 September 2023 to an aggregate of up to 20,466,667 units of the company at a price of C$0.075 per unit for aggregate gross proceeds of up to C$1,535,000. The company intends to close the offering in multiples tranches.
Blue Sky has issued 13,333,333 units at a subscription price of C$0.075 per unit for aggregate gross proceeds to the company of C$1,000,000, which constitutes the first tranche of the offering. The company intends to close the final tranche of the offering on or about 18 October 2023. The company announced the private placement by press release on 26 September 2023.
Each unit consists of one common share and one transferrable common share purchase warrant. Each Warrant will entitle the holder thereof to purchase one additional common share in the capital of the Company at C$0.12 per share for three years from the date of issue.
Finder’s fees of C$64,921.50 are payable in cash on a portion of the first tranche of the Offering to parties at arm’s length to the company. In addition, 865,620 non-transferable finder’s warrants are being issued under the first tranche of the offering. Each finder’s warrant entitles a finder to purchase one common share at a price of C$0.075 per share for three years from the date of issue, expiring on 4 October 2026. Additional finder’s fees may be paid to arm’s length finders in connection with further tranches of the offering.
To find out more about this news release, please visit www.blueskyuranium.com
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