Blue Sky Announces Non-Brokered Private Placement
Terminal City Club Tower, Suite 312 - 837 West Hastings Street TSX Venture Exchange: BSK
Vancouver, BC CANADA V6C 3N6 Frankfurt Stock Exchange: MAL2
Tel: 604-687-1828 • Fax: 604-687-1858 • Toll Free: 1-800-901-0058 OTCQB Venture Market (OTC): BKUCF
www.blueskyuranium.com • [email protected]
NEWS RELEASE – November 16, 2017
Blue Sky Announces Non-Brokered Private Placement
Vancouver, BC / Marketwired / November 16, 2017 / Blue Sky Uranium Corp. (TSX-V: BSK, FSE: MAL2;
OTC: BKUCF), "Blue Sky" or the "Company") is pleased to announce a non-brokered private placement
financing of up to 5,500,000 units at a price of $0.19 per unit for gross proceeds of $1,045,000.
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 one year from the date of issue. If the volume weighted average price for the Company's
shares is $0.50 or greater for a period of 5 consecutive trading days, then the Company ma y deliver a notice
(the "Notice") to the warrantholder that the Warrants must be exercised within twenty (20) days from the date
of delivery of such Notice, otherwise the Warrants will expire at 4:30 p.m. (Vancouver time) on the twenty -first
(21st) day after the date of delivery of the Notice. The accelerated exercise shall not apply until the expiration
of the four -month hold period required under Exchange policies and rules, and securities laws that are
applicable to the Company.
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 financ ing. 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 the Amarillo Grande Project
This new uranium district was first identified, staked and underwent preliminary exploration by Blue Sky from
2007 to 2012 as part of the Grosso Group’s strategy of adding alternative energy focus to its successful portfolio
of metals exploration companies. The proximity of several major targets suggests that if resources are delineated
a central processing facility would be envisioned. The area is flat -lying, semi-arid and accessible year-round,
with nearby rail, power and port access.
Mineralization identified to date at Amarillo Grande has characteristics of sandstone -type and surficial -type
uranium-vanadium deposits. The sandstone-type deposit is related to a braided fluvial system comprising a
potentially district-size “roll front” system. Uranium minerals are prese nt in the porous of poorly -consolidated
sandstones and conglomerates. In surficial -type uranium deposits , carnotite mineralization coats loosely
consolidated pebbles of sandstone and conglomerates. Carnotite is amenable to leaching, and preliminary
metallurgical work at the project indicates that the mineralized material can be upgraded using a very simple
wet screening method. The near -surface mineralization, ability to locally upgrade, amenability to leaching and
central processing possibility suggest a potentially low-cost development scenario for a future deposit.
For additional details on the project and properties, please see the Company’s
website: www.blueskyuranium.com
Qualified Person
The results of the Company's drilling program have been reviewed, verified (including sampling, analytical and
test data) and compiled by the Company's geological staff under the supervision of David Terry, Ph.D., P.Geo.
Dr. Terry is a Director of the Company and a Qualified Person as defined in National Instrument 43-101. The
contents of this news release have been reviewed and approved by Dr. Terry.
News Release November 16, 2017
Blue Sky Uranium Corp. Page 2
About Blue Sky Uranium Corp.
Blue Sky Uranium Corp. is a leader in uranium discovery in Argentina. The Com pany'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: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exc hange) 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.