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Blue Sky Uranium Corp. Announces $2 Million Financing ======================================================================= Blue Sky Uranium Corp. (the "Company") (TSX-V: BSK, Frankfurt: MAL WKN:AOMKXP) has entered into an agreement with Canaccord Capital Corporation ("Canaccord") whereby Canaccord will use its commercially reasonable efforts to complete a Brokered Private Placement of up to 4,545,454 Units to raise up to $2,000,000 at $0.44 per Unit. Each Unit consists of one common share in the capital of the Company (a "Share") and one-half of a transferable common share purchase warrant of the Company ("Warrant") exercisable for a period of 18 months from closing. Each whole Warrant will entitle the holder to acquire one additional Share at a price of $0.60 per share for a period of two years following the date of the closing of the private placement. The Warrants will be transferable and, subject to evidence of satisfactory distribution in accordance with the rules of the TSX Venture Exchange, will be listed and posted for trading on the Exchange. Canaccord will receive a cash commission equal to eight percent (8%) of the gross proceeds of the sale of Units under the Private Placement and a corporate finance fee of $25,000 payable in cash or Units at the option of the Canaccord. In addition Canaccord will receive Agent's Warrants equal to eight percent (8%) of the Units sold under the Private Placement. Each Agent's Warrant shall be exercisable for one Agent's Unit for a period of 18 months from closing at $0.44 per share. Each Agent's Unit will consist of one Share and one half of a Warrant. These securities will be subject to a four-month hold period. These Agent's Warrants will be transferable and, subject to evidence of satisfactory distribution in accordance with the rules of the TSX Venture Exchange, will be listed and posted on the Exchange after the expiry of the four-month hold period. The Company has also agreed to pay to Canaccord an administration fee of $10,000 and all of the expenses incurred by Canaccord in connection with the Private Placement. The net proceeds received by the Company will be used to fund on-going work programs on the Company's properties and for general working capital purposes. NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ON BEHALF OF THE BOARD "Sean Hurd" ________________________ Sean Hurd, President & CEO |
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| aus der Diskussion: | Blue Sky Uranium: Fakten und News |
| Autor (Datum des Eintrages): | hoschmi (06.03.08 00:18:29) |
| Beitrag: | 65 von 101 (ID:33563524) |
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