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Bluesky Digital Assets Corp (3)
Symbol BTC
Shares Issued 25,172,726
Close 2024-08-23 C$ 0.06
Market Cap C$ 1,510,364
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Bluesky seeks to assess BlueskyIntel's market value

2024-08-24 04:17 ET - News Release

Mr. Ben Gelfand reports

BLUESKY DIGITAL ASSETS CORP., PROVIDES CORPORATE UPDATE

Bluesky Digital Assets Corp. has engaged and has retained a third party evaluator to assess the market value of the corporation's artificial-intelligence-powered business-to-business/consumer-to-business matchmaking service/Web engagement platform BlueskyIntel.

The purpose of the engagement to assess the fair market valuation of the BlueskyIntel platform in its current form for the purpose of determining a fair market valuation as the corporation is actively pursuing acquisition targets with the purpose of expanding the corporation's AI business plan.

The corporation also announced today that its business and technical road map efforts related to the BlueskyIntel Web engagement platform have been continuing and are closely tracking to the established schedules and plans. Additional modules of platform technical and business functionality are planned for release over the next quarter and will be announced as they are released live into production.

The corporation further announced that it had settled $100,000 due to a loan payable backed by a general securities agreement and that it had also entered into debt settlement agreements with the purpose to settle debt owed to several consultants for the combined amount of $226,000. In total, the combined total of debt amounted to $326,000 and was settled through the issuance of 6.52 million common shares at a price of five cents per common share. The debt settlement will assist the corporation in preserving its cash for working capital and to further advance its AI endeavours. The issuance of the 6.52 million common shares will not result in a change of control of the corporation.

About Bluesky Digital Assets Corp.

Bluesky has created a high-value digital enterprise at the intersection of artificial intelligence, blockchain and Web3 business solutions. Leveraging its success as an early adopter providing proprietary technology solutions, Bluesky has invested in its road map. Bluesky's platform, BlueskyIntel, is well positioned to leverage the current exponential growth of artificial-intelligence- and blockchain-based technologies through a tightly focus built collaborative platform. This innovative Web platform offering supports and better enables businesses to adopt and utilize these emerging and developing technologies.

We seek Safe Harbor.

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