Bluesky Digital Provides Update on Proposed Acquisition of ChessGold Inc.
Rhea-AI Summary
Bluesky Digital (CSE:BTC, OTCQB:BTCWF) provided an update on its proposed acquisition of ChessGold Inc., a transaction currently in advanced review stages with the Canadian Securities Exchange (CSE). The CSE has classified the deal as a Fundamental Change, and trading in Bluesky’s common shares remains halted while the review continues.
Bluesky is working with the CSE, responding to requests for additional information as part of the normal regulatory process. The company intends to convene a special shareholder meeting to consider and potentially approve the Transaction and related matters, supported by a detailed management information circular now under CSE review. Trading is expected to stay halted until the circular is filed and the CSE completes its review, and Bluesky cautions there is no assurance on timing for review completion, the shareholder meeting, or trading resumption.
Positive
- CSE review of ChessGold acquisition in advanced stages
- Planned special shareholder meeting to vote on Transaction
- Management information circular in preparation and under CSE review
- Company reiterates commitment to complete Transaction while meeting regulations
Negative
- Trading halt in common shares continues during CSE review
- No assurance on timing of CSE review completion or trading resumption
- Shareholder meeting date and circular filing timing remain uncertain
News Explained
The update discloses no new ownership or dilution effect; common-share trading remains halted while regulatory and shareholder steps remain outstanding.
The
The company’s common-share trading has remained halted since the binding letter of intent was announced and is expected to remain halted until the management information circular is filed and the CSE completes its review. The release links the “Fundamental Change” designation to this regulatory review and to an intended special shareholder meeting to consider the transaction.
The company gives no assurance about the timing of the CSE review, circular filing, shareholder meeting, or resumption of trading. This update does not state consideration, share issuance, or dilution terms, so it does not disclose a new ownership effect for existing holders.
The named milestones to watch are final CSE approval of the circular, its filing on SEDAR+, the shareholder meeting, and a later resumption of trading.
AI-generated analysis. How Rhea-AI works. Not financial advice.
TORONTO, ON / ACCESS Newswire / July 13, 2026 / Bluesky Digital Assets Corp. (CSE:BTC)(OTCQB:BTCWF) ("Bluesky" or the "Company") is providing shareholders with an update regarding its previously announced proposed acquisition of ChessGold Inc. ("ChessGold"), previously announced in the Company's news releases of January 22, 2026 and April 17, 2026 (the "Transaction"), which is currently in advanced stages of review by the Canadian Securities Exchange (the "CSE").
As previously disclosed, the CSE has determined that the Transaction constitutes a "Fundamental Change" under the policies of the CSE. Accordingly, trading in the Company's common shares has remained halted since the announcement of the binding letter of intent and will continue to remain halted while the Transaction proceeds through the CSE's review process.
The Company continues to work closely with the CSE to substantially advance its review of the Transaction and is responding to comments and requests for additional information as part of the normal regulatory process as it continues to progress towards completion.
As part of the Fundamental Change approval process, the Company intends to convene a special meeting of shareholders to consider and, if deemed appropriate, approve the Transaction and related matters. The Company is currently preparing a management information circular, which is under review for final approval from the CSE, containing detailed information regarding the Transaction, which will be filed under the Company's profile on SEDAR+ and mailed to shareholders in advance of the meeting in accordance with applicable corporate and securities laws.
The Company expects that trading in its common shares will remain halted until the management information circular has been filed, and the CSE has completed its review in accordance with its policies. There can be no assurance as to the timing of the completion of the CSE review, the filing of the management information circular, the holding of the shareholder meeting or the resumption of trading.
The Company remains committed to completing the Transaction as expeditiously as possible while satisfying all applicable regulatory requirements and looks forward to providing shareholders with further updates as the Transaction approaches completion.
For additional information regarding the Transaction and its terms, please refer to the Company's news releases of January 22, 2026 and April 17, 2026, available under the Company's profile on SEDAR+.
About Bluesky Digital Assets Corp.
Bluesky Digital Assets Corp. is creating a 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.
For more information please visit Bluesky at: www.blueskydigitalassets.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
Cautionary Statement
Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. 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 news release.
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 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 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.
SOURCE: Bluesky Digital Assets Corp.
View the original press release on ACCESS Newswire