On July 12, 2023, Blue Sky Uranium Corp. closed the transaction. The company amended the terms of the transaction.

The company issued 7,861,032 units at an issue price of CAD 0.075 for gross proceeds of CAD 589,577.4 as a second and final tranche. The company issued 22,683,333 units for total gross proceeds of CAD 1,701,249.975 in the transaction. In this tranche, the company paid finder's fees of CAD 40,062.92 were paid in cash on a portion of the private placement to parties at arm's length to the Company.

In addition, 534,172 non-transferable finder's warrants were issued. Each finder's warrant entitles a finder to purchase one common share at a price of CAD 0.075 per share for three years from the date of issue, expiring on July 12, 2026. In total, cash finder's fees of CAD 88,136.81 were paid and 1,175,157 finder's warrants were issued.

The closing of the offering is subject to the approval of the TSX Venture Exchange.