Blue Sky Uranium Corp. (TSX-V:BSK, OTCQB:BKUCF) announced that it is raising C$1 million through a non-brokered private placement offering of 16,666,667 units priced at C$0.06 each.
Each unit will consist of a share and a transferable share purchase warrant, with each warrant entitling the holder to purchase an additional share at C$0.09 for two years from the issue date.
The uranium company said it intends to use the proceeds of the offering for exploration programs at its Argentina projects and for general working capital.