Blue Sky Uranium Announces $2.56 Million Financing

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.

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.

Video Articles

Four Countries Control the Fertilizer That Feeds the World | Sage Potash

$10,000 Gold Is Just A Question of Time | Florian Grummes

What Happens If Silver Finally Breaks $50? | Gary Thompson – Silver47

Recommended

Emerita Resources Expands El Cura Drill Program By 10,000 Metres As Deposit Remains Open For Expansion

ESGold Signs MOU For Tailings Project In Colombia With Grades Up To 42 g/t Gold, 280 g/t Silver

Related News

Azincourt Energy Cuts Winter 2021 Drill Campaign Short Due To Weather Conditions

Azincourt Energy (TSXV: AAZ) this morning announced that it was forced to cut its winter...

Tuesday, March 23, 2021, 08:46:42 AM

Sprott Physical Uranium Trust Looks To Buy More Uranium With $1.3 Billion ATM Offering

The Sprott Physical Uranium Trust (TSX: U.UN) is looking to add further physical uranium to...

Thursday, February 16, 2023, 08:07:53 AM

Nuclear Power’s Future: The Case for Uranium in North America | Nick Luksha – Mustang Energy

In this interview, Nick Luksha, CEO of Mustang Energy Corp. (TSXV: MEC), offers a compelling...

Monday, March 10, 2025, 02:53:00 PM

Rockland Resources Acquires Uranium Property In Ontario

Rockland Resources (CSE: RKL) has entered the uranium space. The company this morning announced that...

Tuesday, October 5, 2021, 09:00:24 AM

Ur-Energy Receives Final Approvals To Begin Construction Of Shirley Basin Uranium Project

Ur-Energy Inc (TSX: URE) (NYSE: URG) this morning announced the receipt of approvals from both...

Thursday, May 6, 2021, 07:54:20 AM