TORONTO, ONTARIO–(Marketwired – Oct. 20, 2016) –Blue Sky Energy Inc. (“Blue Sky” or the “Company”) (TSX VENTURE:BSI) reports that it intends to complete a non-brokered private placement financing of 222,222 common shares (the “Shares”) at a price of $0.45 per Share for gross proceeds of up to $100,000 (the “Offering”).
The closing date of the Offering is scheduled to be on or about October 25, 2016. All issued Shares will be subject to a hold period of four months and one day. The Offering is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals.
The gross proceeds of the Offering will be used to strengthen the corporate balance sheet, pay existing liabilities and for general corporate purposes. Blue Sky will not pay finder’s fees in connection with the Offering.
About Blue Sky:
Blue Sky Energy Inc. is a Canadian independent oil exploration company.