BluSky Carbon Announces $1 Million Convertible Debenture Financing
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 Inc. (CSE:BSKY) ha annunciato un collocamento privato di obbligazioni convertibili senza intermediazione a $0,30 per unità, mirando a raccogliere fino a $1 milione in proventi lordi. Ogni unità di obbligazione convertibile comprende un importo principale di $1.000, con un tasso di interesse annuale del 12% pagabile trimestralmente, e un periodo di scadenza di 24 mesi.
Le obbligazioni possono essere convertite in azioni ordinarie a $0,30 per azione a discrezione del possessore prima della scadenza. La società prevede di utilizzare i proventi per fini aziendali generali e per il capitale circolante. Inoltre, BluSky ha annullato la sua offerta pubblica precedentemente annunciata, che mirava a raccogliere fino a $3 milioni attraverso 6 milioni di unità.
BluSky Carbon Inc. (CSE:BSKY) ha anunciado una colocación privada no mediada de bonos convertibles a $0.30 por unidad, con el objetivo de recaudar hasta $1 millón en ingresos brutos. Cada unidad de bono convertible comprende un monto principal de $1,000, con un tasa de interés anual del 12% pagadera trimestralmente, y un período de maduración de 24 meses.
Los bonos pueden convertirse en acciones ordinarias a $0.30 por acción a discreción del titular antes de la madurez. La empresa planea utilizar los ingresos para fines corporativos generales y capital de trabajo. Además, BluSky ha cancelado su oferta pública previamente anunciada que buscaba recaudar hasta $3 millones a través de 6 millones de unidades.
BluSky Carbon Inc. (CSE:BSKY)는 중개 없이 전환 사채를 단위당 $0.30에 사모 배정하였으며, 총 $1백만의 수익을 목표로 하고 있습니다. 각 전환 사채 단위는 $1,000의 원금으로 구성되어 있으며, 연 12%의 이자율이 분기별로 지급되고, 만기는 24개월입니다.
채권자는 만기 전에 단위당 $0.30에 보통주로 전환할 수 있습니다. 회사는 이 수익을 일반 기업 운영 및 운영 자본에 사용할 계획입니다. 또한, BluSky는 600만 주를 통한 최대 $3백만을 조달하기 위한 공모를 취소했습니다.
BluSky Carbon Inc. (CSE:BSKY) a annoncé une émission privée de débentures convertibles sans intermédiaire au prix de 0,30 $ l'unité, visant à lever jusqu'à 1 million $ de produits bruts. Chaque unité de débenture convertible comprend un montant principal de 1 000 $, portant un taux d'intérêt annuel de 12% payable trimestriellement, avec une période d'échéance de 24 mois.
Les débentures peuvent être converties en actions ordinaires au prix de 0,30 $ par action à la discrétion du titulaire avant l'échéance. La société prévoit d'utiliser les produits pour des besoins généraux d'exploitation et de fonds de roulement. De plus, BluSky a annulé son offre publique précédemment annoncée, qui visait à lever jusqu'à 3 millions $ par le biais de 6 millions d'unités.
BluSky Carbon Inc. (CSE:BSKY) hat eine nicht vermittelte Privatplatzierung von wandelbaren Schuldverschreibungen zu einem Preis von $0,30 pro Einheit angekündigt, mit dem Ziel, bis zu $1 Million an Bruttoeinnahmen zu erzielen. Jede Einheit der wandelbaren Schuldverschreibung besteht aus einem Nennbetrag von $1.000, mit einem jährlichen Zinssatz von 12%, der vierteljährlich gezahlt wird, und einer Laufzeit von 24 Monaten.
Die Schuldtitel können vor Fälligkeit nach Wahl des Halters zu einem Preis von $0,30 pro Aktie in Stammaktien umgewandelt werden. Das Unternehmen plant, die Einnahmen für allgemeine Unternehmens- und Betriebskapitalzwecke zu verwenden. Darüber hinaus hat BluSky das zuvor angekündigte öffentliche Angebot, das darauf abzielte, bis zu $3 Millionen durch 6 Millionen Einheiten zu sammeln, abgesagt.
- 12% interest rate offering could attract investors seeking fixed income
- Flexible conversion option at $0.30 per share provides potential upside for investors
- Cancellation of larger $3 million public offering suggests potential fundraising challenges
- Additional debt burden with 12% interest rate increases financial obligations
- Unsecured nature of debentures increases risk for investors
OLD SAYBROOK, CT and VANCOUVER, BC / ACCESSWIRE / December 23, 2024 / BluSky Carbon Inc. (CSE:BSKY) ("BluSky" or the "Company"), an innovative entry into the carbon removal clean technology sector, is pleased to announce that it intends to complete a non-brokered private placement of convertible debentures of the Company (each, a "Convertible Debenture Unit") at a price of
Each Convertible Debenture Unit will be comprised of
The Convertible Debentures will be unsecured obligations of the Company.
The net proceeds received by the Company from the Offering are intended to be used for general corporate and working capital purposes.
Finders' fees may be paid to eligible arm's length persons with respect to certain subscriptions accepted by the Company, in accordance with the policies of the Canadian Securities Exchange (the "CSE").
The Company also announces that it no longer intends to complete its previously announced "best-efforts" public offering of up to 6,000,000 units of the Company for gross proceeds of up to
This press release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration requirements and applicable U.S. state securities laws.
ON BEHALF OF THE COMPANY
William ("Will") Hessert
Chief Executive Officer
BluSky Carbon Inc.
35 Research Parkway,
Old Saybrook, CT, 06475
Tel. (860) 577-2080
Web. https://bluskycarbon.com/
Email. info@bluskycarbon.com
The CSE and Information Service Provider have not reviewed and do not accept responsibility for the accuracy or adequacy of this release.
Forward-Looking Statements Caution. This news release contains forward-looking statements relating to the completion of, and intended use of proceeds from, the Offering and the Company's business and plans generally, and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include the failure to complete the Offering as contemplated or at all, the failure to satisfy the conditions of relevant securities regulatory authorities and exchange(s) and other risks detailed from time to time in the filings made by the Company with securities regulators. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable law.
SOURCE: BluSky Carbon Inc.
View the original press release on accesswire.com
FAQ
What are the terms of BluSky Carbon's (BSKCF) December 2024 convertible debenture offering?
How much is BluSky Carbon (BSKCF) planning to raise through the convertible debenture offering?
Why did BluSky Carbon (BSKCF) cancel its previously announced $3 million public offering?
What will BluSky Carbon (BSKCF) use the convertible debenture proceeds for?
