The share consolidation which is subject to approval by Blue Sky shareholders and the TSX Venture Exchange.
Currently, Blue Sky has 87,019,896 common shares.
Post consolidation, there will be approximately 8,701,989 common shares both issued and outstanding.
The company said 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.
Recently, Blue Sky signed a memorandum of understanding (MOU) with AREVA Mines to jointly explore Argentina for uranium deposits.
