Uranium company, Blue Sky, wraps up its non-brokered private fundraising, closing the third and last phase of the placement scheme
Blue Sky Uranium Corp., a leading uranium discovery company in Argentina, has announced the closure of its non-brokered private placement. The company issued a total of 29,212,633 units, raising gross proceeds of $1,752,758 across all tranches.
Each unit consists of one common share and one transferable common share purchase warrant. The warrants entitle the holder to purchase one additional common share at $0.075 per share, exercisable for three years from the date of issue, expiring on August 16, 2028.
The private placement was for 1,851,000 units at a price of $0.06 per unit, raising $111,060 for this tranche. The company also paid finders' fees of $714 in cash and issued 11,900 non-transferable finder's warrants related to this tranche.
Certain insiders of the company participated in this tranche for $117,000 in units. The proceeds from this private placement are intended for general working capital purposes.
Blue Sky Uranium Corp. is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993. The company's objective is to deliver exceptional returns to shareholders by rapidly advancing a portfolio of uranium deposits into low-cost producers.
Recently, the company optioned the Corcovo project, which has the potential to host an in-situ recovery ("ISR") uranium deposit. Blue Sky's flagship, the Amarillo Grande Project, is an in-house discovery of a new district with the potential to be both a leading domestic supplier of uranium to the growing Argentine market and a new international market supplier.
The private placement was not accepted for responsibility by TSX Venture Exchange or its Regulation Services Provider. The securities are subject to a four-month hold period under applicable Canadian securities laws and have not been registered under the United States Securities Act of 1933, and may not be offered or sold within the United States except in compliance with registration requirements or exemptions.
Nikolaos Cacos serves as the President, CEO, and Director of Blue Sky Uranium Corp. The original content can be viewed on Canada Newswire via QuoteMedia. The link to view the original content is http://www.newswire.ca/en/releases/archive/August2025/15/c9631.html.
[1] Original source: Blue Sky Uranium Corp. press release, August 15, 2025. [2] Original source: Blue Sky Uranium Corp. press release, August 10, 2025. [3] Original source: Blue Sky Uranium Corp. press release, August 3, 2025. [4] Original source: Blue Sky Uranium Corp. press release, July 27, 2025.
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