Blue Sky Uranium Corp. (TSXV: BSK) came forward today to announce a non-brokered private placement. This latest round of financing is expected to generate gross proceeds of $2,560,000.
As per the financing, each unit is to consist of one common share paired with one common share purchase warrant, with up to 16,000,000 units to be sold at $0.16 per unit under the offering. Each warrant will enable the holder to purchase one common share at $0.25 for two years from the date of issuance.
Blue Sky Uranium has stated the intention of continuing the expansion of its staged drill program at their flagship Amarillo Grande Project. The company holds exclusive rights to properties located in two provinces in Argentina.
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Proceeds from the financing are to be used for the company’s exploration programs in Argentina, as well as for general working capital.
Blue Sky Uranium Corp. last traded on the TSX Venture at $0.20.
Information for this briefing was found via Sedar and Blue Sky Uranium Corp. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
