Blue Sky Uranium Engages Palisade Capital for Marketing Services and Grants Options
February 4, 2014 (Source: Accesswire) — Blue Sky Uranium Corp. (TSX-V: BSK, FRA: MAL (WKN: A0MKXP), “Blue Sky” or the “Company”) announces that, subject to acceptance of the TSX Venture Exchange (the “Exchange”), it has retained Palisade Capital Corp., headquartered in Burtonville, Maryland, U.S.A. (“Palisade”), as an independent consultant to provide financial market consulting services to the Company including setting up marketing roadshows/teleconferences for the European, Canadian, U.S. and Australian investment community and assisting in marketing materials including online and social media campaigns. Collin Kettell, the CEO and Principal of Palisade, will be primarily responsible for providing the services to the Company.
Palisade offers strategic consulting services to public and private companies looking to expand their corporate footprints and attract new international investors. From marketing road shows to full-service investor relations and promotional video campaigns, Palisade utilizes innovative strategies and techniques to drive broader investor awareness, increased liquidity, and higher valuations for its clients.
In consideration for its services, the Company has agreed to pay Palisade a total fee of $60,000 for a term of 12 months commencing January 24, 2014 and ending on January 23, 2015. In addition, the Company has agreed to grant Palisade a stock option to purchase a total of 300,000 common shares at a price of $0.10 per share for a period of 2 years, subject to vesting in accordance with the Company’s stock option plan and the policies of the Exchange. Pursuant to the Company’s non-brokered private placement announced on January 27, 2014, Palisade has subscribed for 720,000 common shares at a price of $0.05 per share for gross proceeds of $36,000, and Mr. Kettell has also subscribed for 400,000 units at a price of $0.05 per unit, for gross proceeds of $20,000.
Except as aforesaid, Palisade does not have an interest, direct or indirect, in the Company’s securities, or any right or intent to acquire such an interest.
About Blue Sky Uranium Corp.
Blue Sky is one of Argentina’s best positioned uranium exploration companies with more than 5,000 km2 of tenements. The Company’s mission is to acquire, explore and advance a portfolio of uranium projects with an emphasis on surficial deposits, in Argentina and other jurisdictions.
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The Company is a member of the Grosso Group, a resource management group with experience in South America since 1993. As a member company of the Grosso Group, Blue Sky benefits from the signing of an agreement in principle for a strategic alliance with the Government of the Rio Negro province, Argentina, for the purpose of jointly exploring the potential for commercial mining activity. Argentina has an advanced nuclear industry, centered in the Rio Negro Province.
ON BEHALF OF THE BOARD
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company’s public disclosure documents for a more detailed discussion of factors that may impact expected future results. The Company undertakes no obligation to publicly update or revise any forward-looking statements. We advise U.S. investors that the SEC’s mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.
The securities being offered have not been, nor will they be registered under the United States Securities Act of 1933, as amended, or state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. federal and state registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.
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Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>