VANCOUVER, British Columbia, June 12, 2018 (GLOBE NEWSWIRE) -- Blue Sky Uranium Corp.
(TSX-V:BSK) (FSE:MAL2) (OTC:BKUCF), ("Blue Sky" or the "Company") is pleased to announce it has closed the first
tranche of the non-brokered private placement financing announced on June 1, 2018 and increased on June 4, 2018 consisting of
23,479,016 units at a price of $0.14 per unit for gross proceeds of $3,287,062.
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, expiring on June 11, 2020.
Finder’s fees of $135,769.36 are payable in cash on a portion of the private placement to parties at arm’s
length to the Company. In addition, 969,781 non-transferable finder’s warrants are issuable (the “Finder’s Warrants”). Each
Finder’s Warrant entitles a finder to purchase one common share at a price of $0.30 per share for two years from the date of issue,
expiring on June 11, 2020.
The proceeds of the financing will be used for exploration programs on the Company’s projects in Argentina and
for general working capital.
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 expiring on October 11, 2018.
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 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
https://www.facebook.com/Blue-Sky-Uranium-Corp-707824632726892
https://twitter.com/blueskyuranium1
https://www.youtube.com/watch?v=8ux-mpiwb40
https://www.linkedin.com/company/11295733/
https://plus.google.com/109353535505284295980
https://www.blueskyuranium.com/feed
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.
