Closes First Tranche of Private Placement
Blue Sky Uranium Corp. (TSX-V: BSK, FRA: MAL (WKN: A0MKXP), "Blue
Sky" or the "Company") is pleased to announce that it has
closed the first tranche of the non-brokered private placement announced on
August 13, 2012. The first tranche consists of aggregate gross proceeds of
$313,000. The Company will issue 3,130,000 units at a price of $0.10 per unit
in the first tranche.
Each unit will consist of one common share and one transferable common share
purchase warrant ("Unit"). Each warrant will entitle the holder
thereof to purchase one additional common share in the capital of the Company
at a price of $0.15 per share for two years from the date of issue.
No finder's fees were paid in connection with the Units sold under the first
Proceeds from the private placement will be used for further exploration and
development of the Company's property portfolio in Argentina and for general
working capital. All securities to be issued in the first tranche of this
private placement are subject to a four month hold period under applicable
Canadian securities laws. The completion of the closing of further tranches of
the private placement is subject to the approval of the TSX Venture Exchange.
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.
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
Mr. Sean Hurd, President and CEO