Blue Sky Uranium Closes First Tranche of Private Placement

About this update from Blue Sky Uranium Corp.

[{"type":"text","content":"Blue Sky Uranium Closes First Tranche of Private Placement(via Thenewswire.ca)\n\n \nVancouver, BC / TNW-Accesswire / Apr 15 2014 / Blue Sky Uranium Corp. (TSX-V: BSK, FRA: MAL (WKN: A0MKXP), \"Blue Sky\" or the \"Company\") it has closed the first tranche of the non-brokered private placement announced on April 7, 2014. The first tranche consists of aggregate gross proceeds of $81,345. The Company has issued 1,479,000 units at a price of $0.055 per unit in the first tranche.\n\n \n \nEach unit consists of one common share and one transferable common share purchase warrant (\"Unit\"). Each warrant will entitle the holder thereof to purchase one additional common share in the capital of the Company at a price of $0.10 per share expiring April 13, 2016.\n\n \n \nFinder's fees of $1,760 are payable in cash in connection with the first tranche of the private placement. In addition, 32,000 non-transferrable finder's warrants are issuable with each finder's warrant entitling a finder to purchase one common share at a price of $0.10 per share expiring April 13, 2016.\n\n \n \nThe proceeds from this financing will be used for further exploration and development of the Company's property portfolio in Argentina and for general working capital. All securities to be issued in the first tranche of this private placement are subject to a four month hold period under applicable Canadian securities laws. The completion of the closing of further tranches of the private placement is subject to the approval of the TSX Venture Exchange.\n\n \n \nAbout Blue Sky Uranium Corp.\n\n \n \nBlue Sky is one of Argentina's best positioned uranium exploration companies with more than 5,000 km2 of tenements. The Company's mission is to acquire, explore and advance a portfolio of uranium projects with an emphasis on surficial deposits, in Argentina and other jurisdictions.\n\n \n \nThe Company is a member of the Grosso Group, a resource management group with experience in South America since 1993. As a member company of the Grosso Group, Blue Sky benefits from the signing of an agreement in principle for a strategic alliance with the Government of the Rio Negro province, Argentina, for the purpose of jointly exploring the potential for commercial mining activity. Argentina has an advanced nuclear industry, centered in the Rio Negro Province.\n\n \n \nON BEHALF ...

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