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BluSky Carbon Announces Closing of Convertible Debenture Financing and Unit Offering

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BluSky Carbon has successfully closed a non-brokered private placement of convertible debentures, raising $750,000 through the issuance of Convertible Debenture Units priced at $1,000 each. Each unit includes a $1,000 principal amount Convertible Debenture and 4,761.9 common share purchase warrants, with each warrant enabling the acquisition of one common share at $0.30 for two years. The debentures mature in 18 months with a 12.0% annual interest rate and are convertible into common shares at $0.21 per share.

The company also completed a non-brokered private placement offering of units, issuing 1,110,000 units at $0.20 per unit for gross proceeds of $222,000. Each unit consists of one common share and one common share purchase warrant, exercisable at $0.30 for 24 months. The securities are subject to a hold period of four months and one day.

The net proceeds from these offerings will be used for the ongoing development of BluSky's business model and general working capital purposes. The securities have not been registered under U.S. securities laws and cannot be offered or sold in the United States without proper registration or exemption.

BluSky Carbon ha chiuso con successo un collocamento privato non intermediato di obbligazioni convertibili, raccogliendo $750.000 attraverso l'emissione di Unità di Obbligazione Convertibile al prezzo di $1.000 ciascuna. Ogni unità include un'obbligazione convertibile con un importo principale di $1.000 e 4.761,9 warrant per l'acquisto di azioni ordinarie, con ogni warrant che consente l'acquisizione di un'azione ordinaria a $0,30 per due anni. Le obbligazioni scadono in 18 mesi con un tasso d'interesse annuale del 12,0% e sono convertibili in azioni ordinarie a $0,21 per azione.

La società ha anche completato un'offerta di collocamento privato non intermediato di unità, emettendo 1.110.000 unità a $0,20 per unità per un incasso lordo di $222.000. Ogni unità consiste in un'azione ordinaria e un warrant per l'acquisto di azioni ordinarie, esercitabile a $0,30 per 24 mesi. I titoli sono soggetti a un periodo di blocco di quattro mesi e un giorno.

I proventi netti di queste offerte saranno utilizzati per lo sviluppo continuo del modello di business di BluSky e per esigenze generali di capitale circolante. I titoli non sono stati registrati ai sensi delle leggi sui titoli degli Stati Uniti e non possono essere offerti o venduti negli Stati Uniti senza una registrazione adeguata o un'esenzione.

BluSky Carbon ha cerrado con éxito una colocación privada no intermediada de bonos convertibles, recaudando $750,000 a través de la emisión de Unidades de Bonos Convertibles a un precio de $1,000 cada una. Cada unidad incluye un bono convertible con un monto principal de $1,000 y 4,761.9 garantías de compra de acciones ordinarias, con cada garantía permitiendo la adquisición de una acción ordinaria a $0.30 durante dos años. Los bonos vencen en 18 meses con una tasa de interés anual del 12.0% y son convertibles en acciones ordinarias a $0.21 por acción.

La empresa también completó una oferta de colocación privada no intermediada de unidades, emitiendo 1,110,000 unidades a $0.20 por unidad para ingresos brutos de $222,000. Cada unidad consiste en una acción ordinaria y una garantía de compra de acciones ordinarias, ejercitable a $0.30 durante 24 meses. Los valores están sujetos a un período de restricción de cuatro meses y un día.

Los ingresos netos de estas ofertas se utilizarán para el desarrollo continuo del modelo de negocio de BluSky y para fines generales de capital de trabajo. Los valores no han sido registrados bajo las leyes de valores de EE. UU. y no pueden ser ofrecidos o vendidos en los Estados Unidos sin el registro adecuado o una exención.

BluSky Carbon은 전환사채의 비중개 사모 배치를 성공적으로 마감하며 $750,000을 조달했습니다. 이는 각각 $1,000의 가격으로 전환사채 유닛을 발행한 결과입니다. 각 유닛은 $1,000의 원금 전환사채와 4,761.9개의 보통주 매수 워런트로 구성되며, 각 워런트는 2년 동안 $0.30에 보통주 1주를 취득할 수 있습니다. 전환사채는 18개월 후 만료되며 연 12.0%의 이자율을 적용받고, 주당 $0.21에 보통주로 전환할 수 있습니다.

회사는 또한 비중개 사모 배치로 1,110,000 유닛을 $0.20에 발행하여 총 $222,000의 수익을 올렸습니다. 각 유닛은 보통주 1주와 24개월 동안 $0.30에 행사 가능한 보통주 매수 워런트 1개로 구성됩니다. 이 증권은 4개월과 1일의 유예 기간이 적용됩니다.

이러한 공모에서 발생한 순수익은 BluSky의 비즈니스 모델 개발과 일반 운영 자본에 사용될 것입니다. 이 증권은 미국 증권법에 따라 등록되지 않았으며, 적절한 등록이나 면제 없이 미국에서 제공되거나 판매될 수 없습니다.

BluSky Carbon a réussi à clôturer un placement privé non-intermédié d'obligations convertibles, levant $750,000 grâce à l'émission d'Unités d'Obligations Convertibles au prix de $1,000 chacune. Chaque unité comprend une obligation convertible d'un montant principal de $1,000 et 4,761.9 bons de souscription d'actions ordinaires, chaque bon permettant l'acquisition d'une action ordinaire à $0.30 pendant deux ans. Les obligations arrivent à échéance dans 18 mois avec un taux d'intérêt annuel de 12,0 % et sont convertibles en actions ordinaires à $0,21 par action.

L'entreprise a également complété une offre de placement privé non-intermédié d'unités, émettant 1,110,000 unités à $0.20 par unité pour un produit brut de $222,000. Chaque unité se compose d'une action ordinaire et d'un bon de souscription d'actions ordinaires, exerçable à $0.30 pendant 24 mois. Les titres sont soumis à une période de blocage de quatre mois et un jour.

Les produits nets de ces offres seront utilisés pour le développement continu du modèle économique de BluSky et pour des besoins généraux en fonds de roulement. Les titres n'ont pas été enregistrés en vertu des lois sur les valeurs mobilières des États-Unis et ne peuvent être offerts ou vendus aux États-Unis sans enregistrement approprié ou exemption.

BluSky Carbon hat erfolgreich eine nicht vermittelte Privatplatzierung von wandelbaren Anleihen abgeschlossen und $750.000 durch die Emission von wandelbaren Anleihe-Einheiten zu je $1.000 gesammelt. Jede Einheit besteht aus einer wandelbaren Anleihe mit einem Nennbetrag von $1.000 und 4.761,9 Optionen zum Erwerb von Stammaktien, wobei jede Option den Erwerb einer Stammaktie zu $0,30 für zwei Jahre ermöglicht. Die Anleihen laufen in 18 Monaten mit einem jährlichen Zinssatz von 12,0% und sind zu einem Preis von $0,21 pro Aktie in Stammaktien wandelbar.

Das Unternehmen hat auch eine nicht vermittelte Privatplatzierung von Einheiten abgeschlossen und 1.110.000 Einheiten zu $0,20 pro Einheit mit einem Bruttoerlös von $222.000 ausgegeben. Jede Einheit besteht aus einer Stammaktie und einer Option zum Erwerb von Stammaktien, die für 24 Monate zu $0,30 ausgeübt werden kann. Die Wertpapiere unterliegen einer Haltedauer von vier Monaten und einem Tag.

Die Nettoerlöse aus diesen Angeboten werden für die fortlaufende Entwicklung des Geschäftsmodells von BluSky und allgemeine Betriebskapitalzwecke verwendet. Die Wertpapiere sind nicht nach den US-Wertpapiergesetzen registriert und dürfen in den Vereinigten Staaten ohne ordnungsgemäße Registrierung oder Ausnahme nicht angeboten oder verkauft werden.

Positive
  • Raised $750,000 through convertible debentures.
  • Raised $222,000 through unit offerings.
  • Convertible debentures bear a 12.0% annual interest rate.
Negative
  • Convertible debentures mature in 18 months, requiring timely repayment or conversion.
  • Securities are subject to a hold period of four months and one day, limiting immediate liquidity.

OLD SAYBROOK, CT AND VANCOUVER, BC / ACCESS Newswire / February 24, 2025 / 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 has closed the previously-announced (see news releases dated February 11, 2025 and February 14, 2025) non-brokered private placement of convertible debentures of the Company (the "ConvertibleDebentures", and each a "ConvertibleDebenture Unit"), at a price of $1,000 per Convertible Debenture Unit, for gross proceeds of $750,000 (the "Offering"). Each Convertible Debenture Unit consists of (i) a $1,000 principal amount Convertible Debenture and (ii) 4,761.9 common share purchase warrants of the Company (the "Warrants"), with each whole Warrant entitling the holder to acquire one common share of the Company (a "Common Share") at a price of $0.30 for a period of 2 years following the closing of the Offering (the "Closing Date"). The Convertible Debentures will mature 18 months from the Closing Date and will bear interest at a rate of 12.0% per annum. Each Convertible Debenture will be convertible, in whole or in part, at any time while any principal or interest remains outstanding, into Common Shares, at the option of the holder, at a price of $0.21 per Common Share. The Convertible Debenture Units and underlying securities are subject to a hold period of four months and one day pursuant to applicable securities laws.

The Company also announces that it has completed its previously-announced (see news release dated February 11, 2025) non-brokered private placement offering (the "Unit Offering" together with the Offering, the "Offerings") units (the "Units"), issuing 1,110,000 Units, at a price of $0.20 per Unit, for gross proceeds of $222,000. Each Unit is comprised of one Common Share and one Common Share purchase warrant (the "Unit Offering Warrants"), with each Unit Offering Warrant exercisable for one Common Share at a price of $0.30 for a period of 24 months. The Units and underlying securities are subject to a hold period of four months and one day pursuant to applicable securities laws.

The net proceeds received by the Company from the Offerings are intended to be used for the ongoing development of the Company's business model and for general working capital purposes.

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 intended use of proceeds from the Offerings, the conversion of the Convertible Debentures, the intended use of proceeds from the Offerings, 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 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

FAQ

What does BluSky Carbon's $750,000 convertible debenture financing mean for shareholders?

It provides additional capital for business development and general working capital, potentially improving the company's financial stability.

What are the terms of BluSky Carbon's convertible debentures?

The debentures mature in 18 months, bear a 12.0% annual interest rate, and are convertible into common shares at $0.21 per share.

How many common share purchase warrants were issued in BluSky Carbon's convertible debenture offering?

Each Convertible Debenture Unit includes 4,761.9 common share purchase warrants, exercisable at $0.30 per share for two years.

What is the significance of BluSky Carbon's $222,000 unit offering?

The unit offering provides additional capital for the company's ongoing development and general working capital purposes.

What are the terms of the common share purchase warrants in BluSky Carbon's unit offering?

Each warrant is exercisable for one common share at $0.30 for a period of 24 months.

How will BluSky Carbon use the proceeds from the recent financing?

The proceeds will be used for the ongoing development of the company's business model and for general working capital purposes.

What is the hold period for BluSky Carbon's securities?

The securities are subject to a hold period of four months and one day.

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