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Bluesky Digital Assets Corp (3)
Symbol BTC
Shares Issued 32,692,706
Close 2024-11-14 C$ 0.70
Market Cap C$ 22,884,894
Recent Sedar Documents

Bluesky does not say why stock is skyrocketing

2024-11-14 17:19 ET - News Release

Mr. Ben Gelfand reports

BLUESKY DIGITAL ASSETS CORP. ANNOUNCES THAT IT IS UNAWARE OF ANY ADDITIONAL MATERIAL CHANGE, THE CLOSING OF ITS FULLY SUBSCRIBED PRIVATE PLACEMENT UNDER THE LISTED ISSUER FINANCING EXEMPTION, THE EXERCISE OF WARRANTS

At the request of Canadian Investment Regulatory Organization (CIRO), Bluesky Digital Assets Corp. wishes to confirm that the corporation's management is unaware of any material change in the corporation's operations that would account for the recent increase in market activity.

The corporation further announced today that it had closed its fully subscribed non-brokered private placement, under the listed issuer financing exemption (LIFE) of 4.85 million units of the corporation at a price of five cents per unit to raise gross proceeds of $242,500. The private placement was previously announced via press release on Oct. 28, 2024.

The units were issued pursuant to the private placement under the listed issuer financing exemption under Part 5A of National Instrument 45-106 -- Prospectus Exemptions and are not subject to resale restrictions in Canada in accordance with the applicable Canadian securities laws and the policies of the Canadian Securities Exchange.

Each unit consisted of one common share of the corporation and one common share purchase warrant. Each full warrant entitled the holder to acquire one additional common share at an exercise price of 6.5 cents per common share for a period of 24 months following the closing of the LIFE offering.

In connection with the closing of the private placement, the corporation paid finders' fees to arm's-length brokerage firms of $3,500 and issued 70,000 common share purchase warrants. Each broker warrant entitles the holder to purchase one common share at a price of 6.5 cents at any time on or before Nov. 14, 2026.

The corporation also announced today that it had raised an additional $415,250 via the exercise of two million warrants at price of five cents per warrant and via the exercise of 4.85 million warrants at price of 6.5 cents per warrant. In total, and combined the corporation raised $657,750 via the closing of the LIFE and with the exercise of the warrants.

About Bluesky Digital Assets Corp.

Bluesky Digital Assets 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 Roadmap. Bluesky's platform, BlueskyINTEL, is well positioned to leverage the current exponential growth of artificial intelligence (AI) 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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