Blue Sky Uranium Corp. announced a non-brokered private placement and it will issue up to 20,000,000 units at an issue price of CAD 0.075 for the gross proceeds of CAD 1,500,000 on June 8, 2023. Each unit consists 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 an exercise price of CAD 0.12 per warrant share for three years from the date of issue. Directors, officers, and employees of the company may participate in a portion of the transaction and any securities issued to such directors and officers are subject to the exchange's four-month hold period. A commission may be paid to arm's length finders on a portion of the transaction. Closing of the transaction is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including but not limited to, the approval of the TSX Venture Exchange.

On the same day, the company announced that the transaction has been approved by the TSX Venture Exchange.