Bluesky Digital Assets Corp. Announces the Exercise of Warrants
Bluesky Digital Assets Corp. (CSE: BTC, OTCQB: BTCWF) has successfully raised a total of $1,159,049 CAD through multiple warrant exercises.
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Rhea-AI Summary
Bluesky Digital Assets Corp. (CSE: BTC, OTCQB: BTCWF) has successfully raised a total of $1,159,049 CAD through multiple warrant exercises. The funding was secured through three separate warrant exercises: $771,549 CAD from 1,695,712 warrants at $0.445 CAD each, $325,000 CAD from 5,000,000 warrants at $0.065 CAD each, and $62,500 CAD from 1,250,000 warrants at $0.05 CAD each. Additionally, the company settled $126,000 CAD in debt by issuing 200,000 common shares at $0.63 CAD per share. The proceeds will be used to advance the company's AI development initiatives and for working capital purposes.
Positive
- Raised $1.16M CAD through warrant exercises
- Successfully settled $126,000 CAD in debt through share issuance
- Secured funding for AI development advancement
Negative
- Multiple warrant exercises at significantly different price points ($0.05 to $0.445) indicating price volatility
- Share dilution from warrant exercises and debt settlement
Details
News Market Reaction – BTCWF
The recorded move for BTCWF in the trading session of this news was -3.70%.
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Toronto, Ontario--(Newsfile Corp. - December 20, 2024) - Bluesky Digital Assets Corp., (CSE: BTC), (OTCQB: BTCWF), ("Bluesky" or the "Corporation") announced today that it had raised
About Bluesky Digital Assets Corp.
Bluesky Digital Assets Corp, 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.
For more information please visit Bluesky at: www.blueskydigitalassets.com or www.blueskyintel.com
Please also follow us on Linkedin at: www.linkedin.com/company/bluesky-digital-assets/
For further information please contact:
Mr. Ben Gelfand
CEO & Director
Bluesky Digital Assets Corp.
T: (416) 363-3833
E: ben.gelfand@blueskydigitalassets.com
Mr. Frank Kordy
Secretary & Director
Bluesky Digital Assets Corp.
T: (647) 466-4037
E: frank.kordy@blueskydigitalassets.com
Forward-Looking Statements
This news release may contain assumptions, estimates, and other forward-looking statements regarding future events. Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond the Company's control that may cause actual results or performance to differ materially from those currently anticipated in such statements. Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein 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 Corporation 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 such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither CSE nor its Regulation Services Provider as that term is defined in the policies of the CSE accepts responsibility for the adequacy or accuracy of this release. We seek safe harbor.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/234850
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