Noteworthy Form D Filing Blue Sky Uranium $1.84 million Financing. Nikolaos Cacos Published Oct 3 Form D

Blue Sky Uranium Corp. - Nikolaos Cacos

Blue Sky Uranium Financing

Blue Sky Uranium Corp., Corporation just released form D for $1.84 million equity financing. This is a new filing. Blue Sky Uranium was able to fundraise $229,556 so far. That is 12.47% of the fundraising. The total fundraising amount was $1.84 million. The private financing document was filed on 2016-10-03. The reason for the financing was: The additional $1,610,938 may be received upon the exercise of share purchase warrants sold inside and outside the U.S. U.S. dollar amount is based on the Bank of Canada noon rate of exchange reported on September 19, 2016, which was Cdn$1.3181=US$1.00.. The fundraising still has about $1.61 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Blue Sky Uranium is based in British Columbia – Canada. The firm’s business is not disclosed. The form was filed by Nikolaos Cacos President, CEO and Director. The company was incorporated more than five years ago. The filler’s address is: Suite 411-837 West Hastings, Vancouver, A1, British Columbia, Canada, V6c 3N6. Nikolaos Cacos is the related person in the form and it has address: Suite 411-837 West Hastings, Vancouver, A1, British Columbia, Canada, V6c 3N6. Link to Blue Sky Uranium Filing: 000146397816000001.

Analysis of Blue Sky Uranium Offering

On average, companies in the not disclosed sector, sell 67.77% of the total offering size. Blue Sky Uranium sold 12.47% of the offering. The financing is still open. The average fundraising amount for companies in all industries in our database is $3.05 million. The offering was 92.47% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Firms raise funds for different needs and reasons. The minimum investment for this fundraising is set at $0. If you know more about the reasons for the financing, please comment below.

What is Form D? What It Is Used For

Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.

Why Fundraising Reporting Is Good For Blue Sky Uranium Also

The Form D signed by Nikolaos Cacos might help Blue Sky Uranium Corp.’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.

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