VANCOUVER, British Columbia, June 04, 2018 (GLOBE NEWSWIRE) -- Blue Sky Uranium Corp.
(TSX-V:BSK) (FSE:MAL2) (OTC:BKUCF), ("Blue Sky" or the "Company") announces that due to high investor demand, the
Company has increased the private placement amount announced on June 1, 2018 from $2,660,000 to $3,080,000 consisting of 22 million
units (the “Units”) at $0.14 per Unit.
Each Unit will consist of one common share and one transferrable common share purchase warrant. Each warrant
will entitle the holder thereof to purchase one additional common share in the capital of the Company at $0.30 per share for two
years from the date of issue.
This financing is subject to regulatory approval and all securities to be issued pursuant to the financing are
subject to a four-month hold period under applicable Canadian securities laws. Directors, officers and employees of the Company may
participate in a portion of the financing. A commission may be paid on a portion of the financing. The proceeds of the financing
will be used for exploration programs on the Company’s projects in Argentina and for general working capital.
About Blue Sky Uranium Corp.
Blue Sky Uranium Corp. is a leader in uranium discovery in Argentina. The Company's objective is to deliver
exceptional returns to shareholders by rapidly advancing a portfolio of surficial uranium deposits into low-cost producers. Blue
Sky holds has the exclusive right to over 434,000 hectares (equiv. to 1,072,437 acres) of property in two provinces in Argentina.
The Company’s flagship Amarillo Grande Project was an in-house discovery of a new district that has the potential to be both a
leading domestic supplier of uranium to the growing Argentine market and a new international market supplier. The Company is a
member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.
ON BEHALF OF THE BOARD
“Nikolaos Cacos”
______________________________________
Nikolaos Cacos, President, CEO and Director
For further information please contact:
Corporate Communications
Tel: 1-604-687-1828
Toll-Free: 1-800-901-0058
Email: info@blueskyuranium.com
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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.
