/NOT FOR DISTRIBUTION TO THE UNITED STATES OR THROUGH U.S. NEWSWIRE
SERVICES/
TSX Venture Exchange: BSK
Frankfurt Stock Exchange: MAL2
OTCQB Venture Market (OTC): BKUCF
VANCOUVER, BC, June 8, 2023
/CNW/ - Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC:
BKUCF), ("Blue Sky" or the "Company") is pleased to announce
a non-brokered private placement financing of up to 20,000,000
units at a price of $0.075 per unit
for aggregate gross proceeds of $1,500,000 (the "Offering").
Each unit (a "Unit") will consist of one common share (a
"Share") and one transferrable common share purchase warrant
(a "Warrant"). Each Warrant will entitle the holder thereof
to purchase one additional common share (a "Warrant Share")
in the capital of the Company at an exercise price of $0.12 per Warrant Share for three (3) years from
the date of issue.
The Units to be issued under the Offering will be offered to
purchasers pursuant to the listed issuer financing exemption
("LIFE") under Part 5A of National Instrument 45-106 –
Prospectus Exemptions in all the provinces of Canada, except Québec, and in certain other
jurisdictions pursuant to applicable securities laws. The LIFE
Units will not be subject to resale restrictions pursuant to
applicable Canadian securities laws. There is an offering document
relating to the Offering that can be accessed under the Company's
profile at www.sedar.com and on the Company's website at
www.blueskyuranium.com. Prospective investors should read this
offering document before making an investment decision.
Closing of the Offering is subject to certain conditions
including, but not limited to, the receipt of all necessary
approvals, including but not limited to, the approval of the TSX
Venture Exchange (the "Exchange"). Directors, officers
and employees of the Company may participate in a portion of the
Offering and any securities issued to such directors and officers
are subject to the Exchange's four-month hold period. A
commission may be paid to arm's length finders on a portion of the
Offering. The proceeds of the Offering will be used for exploration
programs on the Company's projects in Argentina and for general working capital.
The securities described herein have not been, and will not be,
registered under the United States Securities Act of 1933, as
amended (the "1933 Act") or any state securities laws, and
accordingly, may not be offered or sold within the United States except in compliance with
the registration requirements of the 1933 Act and applicable state
securities requirements or pursuant to exemptions therefrom. This
press release does not constitute an offer to sell or a
solicitation to buy any securities in any jurisdiction.
About Blue Sky Uranium
Corp.
Blue Sky Uranium Corp. is a leader in uranium discovery in
Argentina. The Company's objective
is to deliver exceptional returns to shareholders by rapidly
advancing a portfolio of surficial uranium deposits into low-cost
producers, while respecting the environment, the communities, and
the cultures in all the areas in which we work. Blue Sky has the
exclusive right to properties in two provinces in Argentina. The Company's flagship Amarillo
Grande Project was an in-house discovery of a new district that has
the potential to be both a leading domestic supplier of uranium to
the growing Argentine market and a new international market
supplier. The Company is a member of the Grosso Group, a resource
management group that has pioneered exploration in Argentina since 1993.
ON BEHALF OF THE BOARD
"Nikolaos Cacos"
______________________________________
Nikolaos Cacos, President, CEO and
Director
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
This news release may contain forward-looking statements.
Forward-looking statements address future events and
conditions and therefore involve inherent risks and uncertainties.
All statements, other than statements of historical fact, that
address activities, events or developments the Company believes,
expects or anticipates will or may occur in the future, including,
without limitation, statements about the closing of the Offering,
the Company's plans for its mineral properties; the Company's
business strategy, plans and outlooks; the future financial or
operating performance of the Company; and future exploration and
operating plans are forward-looking statements.
Forward-looking statements are subject to a number of risks
and uncertainties that may cause the actual results of the Company
to differ materially from those discussed in the forward-looking
statements and, even if such actual results are realized or
substantially realized, there can be no assurance that they will
have the expected consequences to, or effects on, the Company.
Factors that could cause actual results or events to differ
materially from current expectations include, among other things:
the impact of COVID-19; risks and uncertainties related to the
ability to obtain necessary approvals, including Exchange approval
for the closing of the Offering, the ability to obtain, amend, or
maintain licenses, permits, or surface rights; risks associated
with technical difficulties in connection with mining activities;
and the possibility that future exploration, development or mining
results will not be consistent with the Company's
expectations. Actual results may differ materially
from those currently anticipated in such statements. Readers are
encouraged to refer to the Company's public disclosure documents
for a more detailed discussion of factors that may impact expected
future results. The Company undertakes no obligation to publicly
update or revise any forward-looking statements, unless required
pursuant to applicable laws.
SOURCE Blue Sky Uranium Corp.