Key Developments: Blue Sky Uranium Corp (BKUCF.PK)
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17 Jun 2013
$0.00 (+1.69%)
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Latest Key Developments (Source: Significant Developments)
Blue Sky Uranium Corp Announces Appointment Of Chief Financial Officer
Blue Sky Uranium Corp announced that it has appointed Michael Iannacone as Chief Financial Officer and Corporate Secretary, effective March 13, 2013. Mr. Iannacone replaces Bassam Moubarak, who will remain with the Company as a consultant to assist with the transition of the Chief Financial Officer and corporate secretary roles. Full Article
Blue Sky Uranium Corp Completes $138,000 Second Tranche-Canada Stockwatch News
Canada Stockwatch News reported that Blue Sky Uranium Corp. has closed the second tranche of the non-brokered private placement announced on August 13, 2012. The second tranche consists of gross proceeds of $138,000 with aggregate funds of $451,000 raised in both tranches. The Company will issue 1.38 million units at a price of $0.10 per unit in the second tranche. Each unit will consist of one common share and one transferable common share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share in the capital of the Company at a price of $0.15 per share for two years from the date of issue. Finders' fees of $4,800 are payable in cash in connection with the second tranche of the private placement. In addition, 48,000 non-transferrable finders' warrants are issuable with each finder's warrant entitling a finder to purchase one common share at a price of $0.15 per share for a period of two years. Proceeds from the private placement will be used for further exploration and development of the Company's property portfolio in Argentina and for general working capital. All securities to be issued in the second tranche of this private placement are subject to a four-month hold period under applicable Canadian securities laws. The completion of the closing of further tranches of the private placement is subject to the approval of the TSX Venture Exchange. Full Article
Blue Sky Uranium Corp Increases Private Placement To $660,000-Canada Stockwatch News
Canada Stockwatch News reported that Blue Sky Uranium Corp. has increased the $400,000 non-brokered private placement announced on August 13, 2012, to $660,000. The Company will issue 6.6 million units at a price of $0.10 per unit, of which 3.13 million units have already been issued in the closing of the first tranche (see news release dated August 20, 2012). The Company has received subscriptions for $138,000 representing 1.38 million units at a price of $0.10 per unit and anticipates closing a second tranche this week, subject to TSX Venture Exchange approval. Each unit will consist of one common share and one transferable common share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share in the capital of the Company at a price of $0.15 per share for 24 months from the date of issue. The proceeds from this financing will be used for further exploration and development of the Company's property portfolio in Argentina, and for general working capital. Full Article
Blue Sky Uranium Corp Closes $313,000 First Tranche-Canada Stockwatch News
Canada Stockwatch News reported that Blue Sky Uranium Corp. has closed the first tranche of the non-brokered private placement announced on August 13, 2012. The first tranche consists of aggregate gross proceeds of $313,000. The Company will issue 3.13 million units at a price of $0.10 per unit in the first tranche. Each unit will consist of one common share and one transferable common share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share in the capital of the Company at a price of $0.15 per share for two years from the date of issue. No finders' fees were paid in connection with the units sold under the first tranche. Proceeds from the private placement will be used for further exploration and development of the Company's property portfolio in Argentina, and for general working capital. All securities to be issued in the first tranche of this private placement are subject to a four-month hold period under applicable Canadian securities laws. The completion of the closing of further tranches of the private placement is subject to the approval of the TSX Venture Exchange. Full Article
Blue Sky Uranium Corp. And Windstorm Resources Inc. Sign Arrangement Deal For Merger-Canada Stockwatch News
Canada Stockwatch News reported that Blue Sky Uranium Corp. and Windstorm Resources Inc., further to the previous joint news release, have signed an arrangement agreement dated May 22, 2012, that provides for a business combination of the two companies. The proposed structure of the transaction involves a plan of arrangement whereby Blue Sky will acquire from the shareholders of Windstorm 100% of the outstanding common shares of Windstorm in exchange for 8,000,025 common shares of Blue Sky, and Windstorm will as a result become a wholly owned subsidiary of Blue Sky. The resulting company will have the name of Blue Sky Uranium Corp. The arrangement agreement provides that, at the closing of the transaction, Blue Sky will issue to each shareholder of Windstorm 0.38868 of a common share in the capital of Blue Sky in exchange for each Windstorm common share held by such shareholder. This share exchange ratio represents an increase of approximately 33% to the share exchange ratio of 0.29151 initially agreed to in the letter of intent dated April 26, 2012, between the parties. Based on the 20,582,550 common shares of Windstorm outstanding on the date hereof, Windstorm shareholders would receive 8,000,025 common shares of Blue Sky under the transaction, representing approximately 48% of Blue Sky's outstanding shares on completion of the transaction. Closing of the transaction is expected to occur shortly after the meeting but no later than July 31, 2012. Full Article
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