On December 20, 2022, Blue Sky Uranium Corp. closed the transaction. The company issued 18,161,000 units for total gross proceeds of CAD 1,816,100 in the transaction.

The company issued 1,381,000 units in its final tranche for gross proceeds of CAD 138,100. In final, finder's fees of CAD 3,052 are payable in cash on a portion of the private placement to parties at arm's length to the Company. In addition, 30,520 non-transferable finder's warrants are being issued .Each Finder's Warrant entitles a finder to purchase one common share at a price of CAD 0.20 per share for two years from the date of issue, expiring on December 19, 2024.

In total, cash finder's fees of CAD 61,782 were paid, and 617,820 Finder's Warrants were issued. No insiders of the Company participated in this tranche of the Private Placement. In total, insiders participated for CAD 20,000 in this private placement.

This financing is subject to regulatory approval and all securities to be issued pursuant to this tranche of the financing are subject to a four-month hold period expiring on April 19, 2023. The company received CAD 93,000.1017 pursuant to regulation D from 4 investors. The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement The transaction included participation from 57 placees including aggregate pro group involvement of two placees for 250,000 shares and aggregate existing insider involvement of two placees for 200,000 shares.