Bluesky Digital Assets Corp. announces the closing of the first tranche of its private placement without intermediary. Raise CA $ 1,629,500

Toronto, Ontario – (Newsfile Corp. – January 7, 2022) – Bluesky Digital Assets Corp., (CSE: BTC) (CSE: BTC.PR.A) (OTCQB: BTCWF) (“Bluesky” or the “Company”) announced today that it has completed the first tranche of its non-brokered private placement financing announced on December 20, 2021. In total, the Company has raised CA $ 1,629,500.00 through the sale of 6,518,000 units.

As previously disclosed in the Company’s press release dated December 20, 2021, all units were offered at a price of Cdn $ 0.25 per unit. Each unit consisted of one common share (a “share”) of the capital of the Company and one common share purchase warrant (the “warrant”), each warrant entitling its holder to purchase one additional common share of the company on a fiscal year price of C $ 0.40 per common share for a period of 36 months from the closing of the financing. The warrants under this offering will be subject to an accelerated expiration date if certain market conditions occur, which are described in the Company’s subscription document. All common shares issued under this offering will be subject to a four month plus one day hold period under applicable Canadian securities laws.

In connection with the closing, the Company also paid CA $ 43,400.00 in finder’s fees and issued 165,600 broker’s warrants. The broker’s warrants were issued on the same terms as the warrants contained in the units of this placement. A director of the Company participated in the private placement on the same terms and conditions as the non-arm’s length subscribers, subscribing a total of 400,000 units for total proceeds of C $ 100,000.00.

All proceeds from the financing will be used to purchase additional mining equipment for the purpose of expanding the company’s existing digital asset extraction operations and for general working capital purposes.

About Bluesky Digital Assets Corp.

Bluesky Digital Assets Corp, is building a high value digital currency business. Bluesky operates digital currencies, such as Bitcoin and Ether, and develops value-added technology services for the digital currency market, such as proprietary technology solutions. Offering a complete value creation ecosystem, Bluesky aims to reinvest an appropriate portion of its digital currency mining profits into its operations. A percentage of the profits will be invested in the development of proprietary technology based on artificial intelligence (“AI”). Overall, Bluesky takes an approach that enables the Company to adapt and adapt to changing conditions within the ever emerging blockchain industry. The Company is poised to capture value in successive phases as this industry continues to grow.

For more information, please visit Bluesky at: https://www.blueskydigitalaassets.com

For more information, please contact:

Mr. Ben Gelfand
CEO and director
Bluesky Digital Assets Corp.
T: (416) 363-3833
E: [email protected]

Mr. Frank Kordy
Secretary & Director
Bluesky Digital Assets Corp.
T: (647) 466-4037
E: [email protected]

Forward-looking statements

The information contained in this press release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained in this document are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. , except as expressly required by applicable securities legislation. Although management believes that the expectations represented in these forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein and, therefore, should not be placed undue reliance on them. Neither CSE nor its regulatory services provider, as that term is defined in CSE policies, accepts responsibility for the adequacy or accuracy of this release. We seek refuge.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/109436

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