Mr. Ben Gelfand reports
BLUESKY DIGITAL ASSETS CORP. FILES ITS 2020 AUDITED FINANCIAL STATEMENTS
Bluesky Digital Assets Corp. has completed and filed onto SEDAR the corporation's audited annual financial statements for the year ended Dec. 31, 2020, the related management's discussion and analysis, and the related chief executive officer and chief financial officer certificates for the year ended Dec. 31, 2020.
The delay of the completion and of the filing of the audit was primarily caused due to the COVID-19 stay-at-home order enacted by the Province of Ontario in April of this year.
Due to the delay in the filing of the corporation's 2020 audited financial statements, the corporation will also be late in the filing of its interim financial statements for the three-month period ended March 31, 2021, and the associated management's discussion and analysis.
The corporation is currently under a management cease trade order, which expires on June 15, 2021, and will remain under the MCTO until the corporation is up to date in its mandatory financial reporting requirements. The MCTO does not affect the ability of shareholders who are not insiders of the corporation to trade their securities; however, the applicable Canadian securities regulatory authorities could determine, in their discretion, that it would be appropriate to issue a general cease trade order against the corporation affecting all of the securities of the corporation.
The corporation anticipates completing the first quarter 2021 filings before June 15, 2021. Until the Q1 2021 filings have been filed, the corporation intends to continue to satisfy the provisions of the alternative information guidelines set out in NP 12-203 by issuing biweekly default status reports in the form of further press releases, which will also be filed on SEDAR.
About Bluesky Digital Assets Corp.
Bluesky is building a high-value digital currency enterprise. Bluesky mines digital currencies, such as Bitcoin and Ether, and is developing value-added technology services for the digital currency market, such as proprietary technology solutions. Offering a complete ecosystem of value creation, Bluesky is targeting reinvesting appropriate portions of its digital currency mining profits back into its operations. A percentage of the profit will be invested in the development of a proprietary artificial-intelligence-based technology. Over all, Bluesky takes an approach that enables the corporation to scale, and respond to, changing conditions, within the still-emerging blockchain industry. The corporation is poised to capture value in successive phases as this industry continues to scale.
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