Blue Sky Uranium Corp. (TSX-V:BSK, OTCQB:BKUCF) told investors it has closed its previously-announced non-brokered private placement of 13,333,333 units at $0.075 each for aggregate gross proceeds of $1 million.
Each unit includes one common share and one transferrable common share purchase warrant, with each warrant entitling the holder to buy an additional common share for $0.12 for three years from the date of issue.
The company said it plans to use the proceeds of the financing for exploration programs on its projects in Argentina and for general working capital.