Vancouver, BC / TNW-Accesswire / November 10, 2014 / Blue Sky Uranium Corp. (TSX-V: BSK, FRA: MAL (WKN: A0MKXP), "Blue Sky" or the "Company") announces a proposed consolidation of its share capital on the basis of one new common share of the Company for every ten existing common shares. The share consolidation is subject to approval by Blue Sky shareholders at the upcoming annual general and special meeting to be held on Monday, November 17, 2014, and approval by the TSX Venture Exchange. Blue Sky currently has 34,367,010 common shares issued and outstanding. Post consolidation, there will be approximately 3,436,701 common shares issued and outstanding. Management believes that the consolidation is necessary in order to provide the Company with a share capital structure that will better attract capital financing and enhance future growth opportunities.
ON BEHALF OF THE BOARD
Nikolaos Cacos, President, CEO and Director
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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.