Blue Sky Uranium Corp. (TSX-V:BSK, OTCQB:BKUCF) told investors it plans to raise gross proceeds of up to C$1 million in a non-brokered private placement of up to 13,333,333 units at C$0.075 each.
Each unit will consist of one common share and one transferrable common share purchase warrant, with each warrant entitling the holder to purchase one additional share at an exercise price of C$0.12 three years from the issue date.
Red Cloud Securities Inc will act as a finder in connection with the offering, the company said.