Blue Sky Uranium Corp. (TSXV: BSK | FSE: MAL2 | OTC: BKUCF) has closed an over-subscribed private placement announced on 17 April 2024 through the issuance of 18,267,999 units of the company at a price of C$0.06 per unit for aggregate gross proceeds of C$1,096,079.94.
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$0.09 per share for two years from the date of issue.
Finder’s fees of C$50,986.60 are payable in cash on a portion of the offering to parties at arm’s length to the company. In addition, the company is also issuing 849,777 non-transferable finder’s warrants to the finders. Each finder’s warrant entitles the holder thereof to purchase one common share at a price of C$0.06 per share for two years from the date of issue, expiring on 6 May 2026.
The company intends to use the proceeds of the offering for exploration programmes on the company’s projects in Argentina and for general working capital.
The offering is subject to regulatory approval, including the approval of the TSX Venture Exchange.
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