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SERVICES/
VANCOUVER, BC, June 21,
2023 /CNW/ - Blue Sky Uranium Corp. (TSXV:
BSK) (FSE: MAL2) (OTC: BKUCF), ("Blue Sky" or the
"Company") further to the Company's news release dated
June 19, 2023, the Company announces
an increase of the units issued from 14,155,635 to include an
additional 666,666 units for a new total for the 1st
tranche of 14,822,301 units for aggregate gross proceeds of
$1,111,672.58.
Each unit (a "Unit") consists 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 in the capital of the
Company at $0.12 per share for three
(3) years from the date of issue, expiring on June 19, 2026.
There is also an increase to the Finder's fees of $3,500 payable in cash for a total of
$48,073.90 on a portion of the
private placement to parties at arm's length to the Company. An
additional 46,667 non-transferable finder's warrants for a total of
640,985 finder warrants are being issued (the "Finder's
Warrants"). Each Finder's Warrant entitles a finder to
purchase one common share at a price of $0.075 per share for three (3) years from the
date of issue, expiring on June 19,
2026.
The proceeds of the financing will be used for exploration
programs on the Company's projects in Argentina and for general working capital.
This financing is subject to regulatory approval, including the
approval of the TSX Venture Exchange.
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 receipt of regulatory approval for the
Offering, the Company's plans for the use of the proceeds from 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.
The securities being offered have not been, nor will they be
registered under the United States Securities Act of 1933, as
amended, or state securities laws and may not be offered or sold
within the United States or to, or
for the account or benefit of, U.S. persons absent U.S. federal and
state registration or an applicable exemption from the U.S.
registration requirements. This release does not constitute an
offer for sale of securities in the
United States.
SOURCE Blue Sky Uranium Corp.