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Blue Sky Uranium Closes First Tranche of Non-Brokered Private Placement
Blue Sky Uranium Closes First Tranche of Non-Brokered Private Placement Canada New...
About this update from Blue Sky Uranium Corp.
[{"type":"text","content":"\n\n\n\nBlue Sky Uranium Closes First Tranche of Non-Brokered Private Placement\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\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, June 4, 2019\n\n\n\nTSX Venture Exchange: BSKFrankfurt Stock Exchange: MAL2OTCQB Venture Market (OTC): BKUCF\n VANCOUVER, June 4, 2019 /CNW/ - Blue Sky Uranium Corp. (TSX-V: BSK, FSE: MAL2; OTC: BKUCF), (\"Blue Sky\" or the \"Company\") is pleased to announce it has closed the first tranche of a non-brokered private placement (the \"Private Placement\") through the issuance of 2,484,850 units (\"Units\") at a subscription price of $0.15 per Unit for aggregate gross proceeds to the Company of $372,727. \n\n \n \n\n \nEach unit will consist of one common share and one transferrable common share purchase warrant (the \"Units\"). Each warrant will entitle the holder thereof to purchase one additional common share in the capital of the Company at $0.25 per share for three (3) years from the date of issue. If the volume weighted average price for the Company's shares is $0.50 or greater for a period of 5 consecutive trading days, then the Company may deliver a notice (the \"Notice\") to the warrantholder that the Warrants must be exercised within twenty (20) days from the date of delivery of such Notice, otherwise the Warrants will expire at 4:30 p.m. (Vancouver time) on the twenty-first (21st) day after the date of delivery of the Notice. The accelerated exercise shall not apply until the expiration of the four-month hold period required under Exchange policies and rules, and securities laws that are applicable to the Company.\nFinder's fees of $4,374.30 are payable in cash on a portion of the private placement to parties at arm's length to the Company.  In addition, 29,162 non-transferable finder's warrants are being issued (the \"Finder's Warrants\"). Each Finder's Warrant entitles a finder to purchase one common share at a price of $0.25 per share for three years from the date of issue, expiring on June 4, 2022. \nThe proceeds of the financing will be used for exploration programs on...