TSX Venture Exchange: BSK
Frankfurt Stock Exchange: MAL2
OTCQB Venture Market (OTC): BKUCF
/NOT FOR DISTRIBUTION TO THE UNITED STATES/
VANCOUVER, BC, Dec. 1, 2022
/CNW/ - Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC:
BKUCF) ("Blue Sky" or the "Company") announces that due
to high investor demand, the Company has increased the private
placement amount announced on November 21,
2022, from $1,000,000 to
$1,800,000 consisting of 18 million
units (the "Units") at $0.10
per Unit.
Each Unit will consist of one common share and one transferrable
common share purchase warrant (a "Warrant"). Each Warrant
will entitle the holder thereof to purchase one additional common
share in the capital of the Company at $0.20 per share for two (2) years from the date
of issue.
This financing is subject to regulatory approval and all
securities to be issued pursuant to the financing are subject to a
four-month hold period under applicable Canadian securities laws.
Directors, officers and employees of the Company may participate in
a portion of the financing. A commission may be paid on a portion
of the financing. The proceeds of the financing will be used for
exploration programs on the Company's projects in Argentina and for general working capital.
About Blue Sky Uranium
Corp.
Blue Sky Uranium Corp. is a leader in uranium discovery in
Argentina. The Company's objective
is to deliver exceptional returns to shareholders by rapidly
advancing a portfolio of surficial uranium deposits into low-cost
producers, while respecting the environment, the communities, and
the cultures in all the areas in which we work. Blue Sky has the
exclusive right to properties in two provinces in Argentina. The Company's flagship Amarillo
Grande Project was an in-house discovery of a new district that has
the potential to be both a leading domestic supplier of uranium to
the growing Argentine market and a new international market
supplier. The Company is a member of the Grosso Group, a resource
management group that has pioneered exploration in Argentina since 1993.
ON BEHALF OF THE BOARD
"Nikolaos Cacos"
______________________________________
Nikolaos Cacos, President, CEO and
Director
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
This news release may contain forward-looking statements.
Forward-looking statements address future events and
conditions and therefore involve inherent risks and uncertainties.
All statements, other than statements of historical fact, that
address activities, events or developments the Company believes,
expects or anticipates will or may occur in the future, including,
without limitation, statements about the Company's plans for its
mineral properties; the Company's business strategy, plans and
outlooks; the future financial or operating performance of the
Company; and future exploration and operating plans are
forward-looking statements.
SOURCE Blue Sky Uranium Corp.