Toronto, Ontario–(Newsfile Corp. – April 3, 2024) – Bluesky Digital Assets Corp., (CSE: BTC), (OTCQB: BTCWF), (“Bluesky” or the “Company”) announced today that it has entered into an agreement in which the Company will repay the $100,000 CAD loan that was advanced to the Company under the $300,000 CAD credit agreement that the Company announced it had entered into, via press release, on February 22, 2024. The Company will settle the outstanding loan amount through the issuance of 3,333,333 common shares at a price of C$0.03 per common share. The Company also announced today that it will also settle an aggregate of C$50,000 of secured debt to a creditor by issuing an aggregate of 1,666,667 common shares at a price of C$0.03 per common share. The debt resolution will help the Company preserve liquidity for working capital and further advance its AI efforts. The issuance of 5,000,000 shares of common stock will not result in a change of control of the Company.
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 enterprise solutions. Leveraging its success as a pioneer in the adoption of 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 narrowly focused collaborative platform. This innovative web platform supports and enables companies to better adopt and use these emerging and developing technologies.
For more information, visit Bluesky at: www.blueskydigitalassets.com or www.blueskyintel.com
Follow us also on Linkedin at: www.linkedin.com/company/bluesky-digital-assets/
For further information contact:
Mr. Ben Gelfand
CEO and Director
Bluesky Digital Assets Corp.
T: (416) 363-3833
E: ben.gelfand@blueskydigitalassets.com
Mr. Frank Kordy
Secretary and Director
Bluesky Digital Assets Corp.
T: (647) 466-4037
E: frank.kordy@blueskydigitalassets.com
Forward-Looking Statements
Information in this press release may involve forward-looking statements within the meaning of applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included herein are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statement, 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 reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein and accordingly you should not place undue reliance on it. Neither CSE nor its Regulation Services Provider, as that term is defined in CSE policies, accepts responsibility for the adequacy or accuracy of this release. We are looking for a safe haven.
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To view the original version of this press release, visit https://www.newsfilecorp.com/release/204257