BluSky Carbon Announces Amendment to Terms of Debenture Financing
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) ha annunciato modifiche al suo precedente collocamento privato non mediato di obbligazioni convertibili non garantite. Secondo i nuovi termini, la società emetterà unità di obbligazioni convertibili, ciascuna composta da un'obbligazione di importo principale di $1,000 e 4,761.9 warrant per l'acquisto di azioni ordinarie, con l'obiettivo di raccogliere fino a $1,000,000 in proventi lordi.
Ciascun warrant consente ai detentori di acquisire un'azione ordinaria a $0.30 entro 2 anni dalla chiusura. Le obbligazioni scadranno in 18 mesi, con un tasso d'interesse annuo del 12.0%. I detentori possono convertire le obbligazioni in azioni ordinarie a $0.21 per azione mentre qualsiasi capitale o interesse rimane in sospeso.
BluSky Carbon Inc. (CSE:BSKY) ha anunciado enmiendas a su colocación privada previamente anunciada de bonos convertibles no garantizados sin intermediarios. Según los nuevos términos, la empresa emitirá unidades de bonos convertibles, cada una compuesta por un bono de monto principal de $1,000 y 4,761.9 opciones de compra de acciones ordinarias, con el objetivo de recaudar hasta $1,000,000 en ingresos brutos.
Cada opción permite a los tenedores adquirir una acción ordinaria a $0.30 dentro de los 2 años posteriores al cierre. Los bonos vencerán en 18 meses, con una tasa de interés anual del 12.0%. Los tenedores pueden convertir bonos en acciones ordinarias a $0.21 por acción mientras cualquier capital o interés permanezca pendiente.
BluSky Carbon Inc. (CSE:BSKY)는 보증되지 않은 전환사채의 비중개 사모 배치에 대한 수정안을 발표했습니다. 새로운 조건에 따라 회사는 각각 $1,000의 원금액 채권과 4,761.9개의 보통주 매수 워런트로 구성된 전환사채 유닛을 발행할 예정이며, 총 $1,000,000의 수익을 목표로 하고 있습니다.
각 워런트는 보유자가 종료 후 2년 이내에 $0.30에 보통주 1주를 취득할 수 있도록 합니다. 채권은 18개월 후 만기되며, 연이자율 12.0%을 적용받습니다. 보유자는 미상환 원금이나 이자가 남아 있는 동안 $0.21 per share의 가격으로 채권을 보통주로 전환할 수 있습니다.
BluSky Carbon Inc. (CSE:BSKY) a annoncé des modifications à son placement privé précédemment annoncé de débentures convertibles non garanties sans intermédiaire. Selon les nouveaux termes, la société émettra des unités de débentures convertibles, chacune composée d'une débenture d'un montant principal de 1 000 $ et de 4 761,9 bons de souscription d'actions ordinaires, visant à lever jusqu'à 1 000 000 $ de produits bruts.
Chaque bon de souscription permet aux détenteurs d'acquérir une action ordinaire à 0,30 $ dans les 2 ans suivant la clôture. Les débentures arriveront à maturité dans 18 mois, portant un taux d'intérêt annuel de 12,0 %. Les détenteurs peuvent convertir les débentures en actions ordinaires à 0,21 $ par action tant qu'il reste un capital ou des intérêts impayés.
BluSky Carbon Inc. (CSE:BSKY) hat Änderungen zu seiner zuvor angekündigten nicht vermittelte Privatplatzierung von ungesicherten wandelbaren Anleihen bekannt gegeben. Unter den neuen Bedingungen wird das Unternehmen wandelbare Anleihe-Einheiten ausgeben, die jeweils aus einer Anleihe mit einem Nennbetrag von $1,000 und 4,761.9 Optionsscheinen für den Kauf von Stammaktien bestehen, mit dem Ziel, bis zu $1,000,000 an Bruttoerlösen zu erzielen.
Jeder Optionsschein ermöglicht es den Inhabern, innerhalb von 2 Jahren nach Abschluss eine Stammaktie zu $0.30 zu erwerben. Die Anleihen haben eine Laufzeit von 18 Monaten und tragen einen jährlichen Zinssatz von 12.0%. Inhaber können Anleihen zu $0.21 pro Aktie in Stammaktien umwandeln, solange noch Kapital oder Zinsen ausstehen.
- Secured potential funding of up to $1,000,000 through convertible debenture offering
- Attractive 12% annual interest rate may appeal to investors
- Potential dilution of existing shareholders through conversion of debentures and warrants
- High 12% interest rate indicates expensive debt financing
- Short maturity period of 18 months suggests immediate financing needs
OLD SAYBROOK, CT / ACCESS Newswire / February 14, 2025 / BluSky Carbon Inc. (CSE:BSKY) ("BluSky" or the "Company"), an innovative entry into the carbon removal clean technology sector, announces amendments to the terms of its previously announced non-brokered private placement (the "Convertible Debenture Offering") of unsecured convertible debentures of the Company. Under the amended terms, the Company will issue convertible debenture units (the "Convertible Debenture Units") with each Convertible Debenture Unit consisting of (i) a
This press release is not an offer to sell or the solicitation of an offer to buy the Convertible Debenture Units 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 Convertible Debenture Units being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such Convertible Debenture Units 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 intended use of proceeds from the Convertible Debenture Offering, the anticipated completion of the Convertible Debenture Offering, 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 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 ACCESS Newswire
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