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Blue Sky Uranium Announces Shares for Services Agreement and Proposed Share Issuance
Blue Sky Uranium Announces Shares for Services Agreement and Proposed Share Issuance ...
About this update from Blue Sky Uranium Corp.
[{"type":"text","content":"\n \n \n \n Blue Sky Uranium Announces Shares for Services Agreement and Proposed Share Issuance\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n \n \n \n \n \n \n PR Newswire\n \n \n \n \n TSX Venture Exchange:   BSK\n \n Frankfurt Stock Exchange:   MAL2\n \n OTCQB Venture Market (OTC): BKUCF\n \n \n \n VANCOUVER, BC\n \n ,\n \n Sept. 29, 2021\n \n /PRNewswire/ -\n \n Blue Sky Uranium Corp.\n \n (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF)\n \n , \"Blue Sky\" or the \"Company\")\n \n announces that the Company has entered into an agreement (the \"\n \n Agreement\n \n \") with AGV Falcon Drilling S.R.L. (\"\n \n AGV\n \n \"), an arm's length party, pursuant to which the Company has agreed to issue common shares in the capital of the Company (each, a \"\n \n Common Share\n \n \") in satisfaction of ongoing drilling services provided by AGV (the \"\n \n Services\n \n \") in the Ivana Central and Norte Projects located in the Province of\n \n Rio Negro\n \n , Argentina.  It is expected that Blue Sky will owe AGV up to an aggregate of\n \n US$590,265\n \n as payment for the Services, depending on the number of meters drilled, which is expected to be settled by the issuance of a maximum of 6,356,700 Common Shares in three tranches.\n \n \n The Company has received an initial invoice in the amount of\n \n $343,843\n \n .20 from AGV for Services performed from\n \n August 1, 2021\n \n to\n \n August 31, 2021\n \n (the \"\n \n Initial Services\n \n \"). The Company proposes to issue 1,666,714 Common Shares (the \"\n \n Shares\n \n \") to AGV at a deemed issue price of\n \n $0\n \n .2063 per Share in settlement of the Initial Services.  The Agreement, the proposed issuance of the Shares and future issuances of Common Shares pursuant to the Agreement are subject to the acceptance of the Exchange.\n \n \n The Company has a right of first refusal until\n \n January 20, 2024\n \n to arrange for the purchase from AGV of any Common Shares issued pursuant to the Agreement, and all Common Shares issued pursuant to the Agreemen...