Blusky Carbon - BSKCF STOCK NEWS

BluSky Carbon Inc. (CSE:BSKY) has announced amendments to its previously announced non-brokered private placement of unsecured convertible debentures. Under the new terms, the company will issue convertible debenture units, each consisting of a $1,000 principal amount debenture and 4,761.9 common share purchase warrants, aiming to raise up to $1,000,000 in gross proceeds.

Each warrant allows holders to acquire one common share at $0.30 within 2 years of closing. The debentures will mature in 18 months, bearing a 12.0% annual interest rate. Holders can convert debentures into common shares at $0.21 per share while any principal or interest remains outstanding.

BluSky Carbon Inc. (CSE:BSKY) has announced multiple financing initiatives: First, the company closed a US$500,000 secured debenture offering at US$1,000 per unit with a 7% annual interest rate and four-month maturity. Second, they plan a private placement offering of units at $0.20 each, targeting $300,000 in proceeds, with each unit including one common share and a warrant exercisable at $0.30 for 24 months. Third, they intend to raise up to $750,000 through convertible debentures at US$1,000 per unit with 12% annual interest and 24-month maturity, convertible to common shares at $0.24 per share.

The proceeds from these financings will be used for business development and general working capital purposes. The Unit Offering is expected to close around February 18, 2025. Finder's fees may apply to eligible arm's length persons for certain subscriptions in the Unit and Convertible Debenture offerings.

BluSky Carbon Inc. (CSE:BSKY) has announced the filing of its audited annual financial statements for the fiscal year ended August 31, 2024. The company has also filed related management's discussion and analysis and certifications. All Annual Documents are now available for public access on SEDAR+ at www.sedarplus.ca.

BluSky Carbon Inc. (CSE:BSKY) has announced a non-brokered private placement of convertible debentures at $0.30 per unit, aiming to raise up to $1 million in gross proceeds. Each convertible debenture unit comprises $1,000 in principal amount, bearing a 12% annual interest rate payable quarterly, with a 24-month maturity period.

The debentures can be converted into common shares at $0.30 per share at the holder's discretion before maturity. The company plans to use the proceeds for general corporate and working capital purposes. Additionally, BluSky has cancelled its previously announced public offering that aimed to raise up to $3 million through 6 million units.

BluSky Carbon (BSKCF) announces successful completion of certified laboratory testing for its Biochar production, confirming qualification for global carbon credit transactions. The testing validates the company's production meets requirements for its $105 million AR1 offtake agreement and proposed $192 million AR2 Biochar project.

The certification confirms the Biochar's low contaminant levels and favorable hydrogen-to-carbon ratio, indicating high carbon density and stability. The company's Vulcan Heavy equipment produces Biochar suitable for carbon credit transactions through marketplaces like NASDAQ partner PURO.Earth, where current pricing is approximately €160 (~$167 USD) per ton.

BluSky Carbon has signed a Letter of Intent (LOI) for a second commercial facility project (AR2) in Northwest Arkansas, following their previously announced US$105 million AR1 project. The AR2 project proposal involves a US$192 million biochar sales agreement over 10 years, with a fixed volume of 70,000 tons annually at US$275 per ton.

The project's execution depends on commissioning five Vulcan Heavy biomass pyrolysis systems and securing necessary financing. The company has received a 25-year land lease agreement offer and a feedstock proposal option to purchase up to 500,000 tons of biomass annually from regional forestry industry waste streams. Delivery terms would be FOB production site in Northwest Arkansas with net 60-day payment terms.

BluSky Carbon Inc. (BSKCF) has announced a strategic agreement with Lympha Inc., a New York-based project financing and advisory firm. The partnership aims to support BluSky's expansion of biochar production facilities through future carbon removal credits financing.

Lympha, bringing expertise in Finance, Big Data, and Web3.0 Technologies, will collaborate with BluSky to monetize CO2 Removal Credits (CORCs) generated from BluSky's biochar facilities. The agreement is structured to assist in financing BluSky's project pipeline through carbon credit sales, subject to definitive agreements for specific projects.

Lympha provides advanced technologies for green investment opportunities and offers investor engagement services through real-time data sharing. Their platform includes pre-issuance rating services to assess market value and environmental impact of carbon credits.

BluSky Carbon Inc. (CSE:BSKY) has announced a marketed public offering of up to 6,000,000 units at $0.50 per unit, aiming to raise gross proceeds of up to $3 million. Each unit consists of one common share and one-half warrant, with each whole warrant exercisable at $0.65 for 24 months. The company granted an Over-Allotment Option for an additional 900,000 units, potentially increasing proceeds to $3.45 million. The offering, led by Canaccord Genuity, is expected to close around December 19, 2024. Proceeds will be used for working capital and general corporate purposes.

BluSky Carbon has extended its strategic marketing agreement with Euro Digital Media (EDM) for approximately one month. EDM will continue creating campaigns, managing remarketing efforts, and optimizing keyword options through wallstinvest.uk landing pages, Google ads, and native advertising. The extension costs CAD$150,000, with no securities being issued to EDM. BluSky focuses on earning carbon credit revenues and producing renewable energy through biochar production from organic waste and carbon mineralization from industrial wastes.