BluSky Carbon Announces DTC Eligibility for U.S. Trading

Rhea-AI Summary

BluSky Carbon Inc. (CSE:BSKY, OTCQB:BSKCF, FRA:QE4) has announced that its common shares are now eligible for electronic clearing and settlement through the Depository Trust Company (DTC) in the United States. This follows the company's recent listing on the OTCQB Market. DTC eligibility allows for faster and more efficient trading of BluSky's shares, expanding its reach to a wider range of U.S. investors and brokerage firms.

CEO Will Hessert described this development as an important milestone that significantly extends BluSky's market presence. The company's shares will continue to trade on the Canadian Securities Exchange (CSE) under the symbol 'BSKY' and on the Frankfurt exchange (FWB) under 'QE4', in addition to the OTCQB Market under 'BSKCF'.

Positive

• Achieved DTC eligibility for U.S. trading, potentially increasing liquidity and investor access
• Listed on multiple exchanges: OTCQB (U.S.), CSE (Canada), and Frankfurt (Germany)
• DTC eligibility may lead to faster and more efficient trading of shares

Negative

• None.

OLD SAYBROOK, CT and VANCOUVER, BC / ACCESSWIRE / September 4, 2024 /BluSky Carbon Inc. (CSE:BSKY)(OTCQB:BSKCF)(FRA:QE4) (WKN A401NM) ("BluSky" or the "Company"), an innovative entry into the carbon removal clean technology sector, advises that pursuant to its previous announcement concerning the listing of its common shares on the US-based OTCQB Market (News Release - August 29), the Company is pleased to announce its common shares are now eligible for electronic clearing and settlement through the Depository Trust Company ("DTC") in the United States. The Company's common shares are quoted on the OTCQB Market under the symbol "BSKCF."

DTC is a subsidiary of the Depository Trust & Clearing Corporation, a company that manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through DTC are considered "DTC eligible." This electronic method of clearing securities speeds up the receipt of stock and cash and thus accelerates the settlement process for investors and brokers, enabling the stock to be traded over a much wider selection of brokerage firms.

In addition to trading in the United States on the OTC Markets, the Company's common shares will continue to trade on the Canadian Securities Exchange (CSE) under the symbol "BSKY" and on the Frankfurt exchange (FWB) under the symbol "QE4."

Company CEO Will Hessert notes, "Today's news is an important milestone as it significantly extends our market presence. DTC eligibility will deliver a more efficient method for the clearing and settlement of our common shares for U.S. investors."

About BluSky Carbon Inc. (CSE: BSKY) (OTCQB: BSKCF) (FWB: QE4 /WKN: A401NM)

BluSky is a renewable energy company that is in the business of putting Carbon back into the ground - where it belongs! The Company converts organic and industrial waste into biochar, renewable power and carbonate rocks, as well as the development and sale of carbon capture technology. BluSky's primary objectives are to (1) construct carbon removal equipment; (2) sell the biochar produced by the carbon removal equipment; and (3) sell carbon credits ‎generated from the production of biochar. The Company's business model is based on the growing need for carbon neutrality and demand to reduce CO₂ emissions.

BluSky Carbon is publicly listed in Canada on the CSE with the trading symbol BSKY, on the OTCQB as BSKCF, and in Frankfurt., Germany (FWB) with the identifier QE4. BluSky's public filings and related documents are available on the Company's profile page on SEDAR+ at www.sedarplus.ca. For more information about the Company, please visit https://bluskycarbon.com/, watch our video, and sign up to receive news alerts or join us on social media at Facebook, X (formerly twitter), Instagram, or LinkedIn.

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

Sales or partner opportunities:
Greg Pakiela, Business Development
greg.pakiela@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 Information Disclaimer

This release contains statements and information that, to the extent that they are not historical fact, may constitute "forward-looking information" within the meaning of applicable securities legislation based on current expectations, estimates, forecasts, projections, beliefs and assumptions made by management of BluSky about the industry in which it operates. Forward-looking information may include financial and other projections, as well as statements regarding future plans, strategies, prospects, objectives or economic performance, or the assumption underlying any of the foregoing. In some cases, forward-looking statements can be identified by terms such as "may", "would", "could", "will", "likely", "except", "anticipate", "believe", "intend", "plan", "forecast", "project", "estimate", "outlook", or the negative thereof or other similar expressions concerning matters that are not historical facts. Examples of such statements include, but are not limited to: the market price of the Company's common shares; volatility in the capital markets; lack of dividends; risks associated with foreign operations; risks associated with acquisitions; competition; cyber security threats; changes in laws relating to the Company's business; expectations regarding revenue, expenses and operations; cash needs and needs for additional financing; the intention to grow the business and operations; reliance on secondary industries; future production costs and capacity; that available funds will be sufficient to cover expenses; and other forward-looking statements are set out in the section entitled "Caution Regarding Forward-Looking Statements" in the Company's Final Prospectus dated May 27, 2024, as amended by Amended No. 1 dated June 11, 2024, (the "Amended Prospectus") available on www.sedarplus.ca under the Company's profile.

Forward-looking information is based on current expectations, assumptions, estimates, forecasts, projections, analysis and opinions of management made considering its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. The material factors and assumptions used to develop the forward-looking information contained in this news release include, but are not limited to: regulatory requirements being maintained; ‎general business, economic and political conditions; the Company's ability to successfully execute its plans ‎and intentions; the availability of financing on reasonable terms; the Company's ability ‎to attract and retain skilled staff; market competition; the products and technology offered by competitors; that good relationships with service providers and other third parties will be ‎established and maintained; continued growth of the carbon capture technology industry and positive public ‎opinion with respect to the carbon capture technology industry.

Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information, including, without limitation the Company's limited operating history; negative cash flow; financial position and results of operations differing materially from expectations; the expectation of incurring future losses and never becoming profitable; requiring additional capital to continue operations; reliance on the third-party service providers; strong competition from competitors in the carbon capture technology industry; technological changes in relation to carbon capture that may adversely affect adoption of current technology or the Company's ‎products; supply and demand for the reduction of carbon emissions; ‎ and other risk factors described in the Amended Prospectus. Accordingly, readers should not place undue reliance on any such forward-looking information. Further, any forward-looking information speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company's management to predict all such factors and to assess in advance the impact of each such factor on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking information. The Company does not undertake any obligation to update any forward-looking information to reflect information or events after the date on which it is made or to reflect the occurrence of unanticipated events, except as required by law, including securities laws.

SOURCE: Blusky Carbon Inc.

View the original press release on accesswire.com

FAQ

What is the significance of BluSky Carbon (BSKCF) achieving DTC eligibility?

DTC eligibility allows for faster and more efficient electronic clearing and settlement of BluSky Carbon's shares in the U.S., potentially increasing liquidity and attracting a wider range of investors and brokerage firms.

On which stock exchanges does BluSky Carbon (BSKCF) currently trade?

BluSky Carbon trades on the OTCQB Market in the U.S. under the symbol BSKCF, the Canadian Securities Exchange (CSE) under BSKY, and the Frankfurt exchange (FWB) under QE4.

When did BluSky Carbon (BSKCF) announce its DTC eligibility?

BluSky Carbon announced its DTC eligibility on September 4, 2024, following its previous announcement of listing on the OTCQB Market on August 29, 2024.