Bluesky Digital Assets Corp. OTC Markets Trading Symbol Change

Rhea-AI Summary

Bluesky Digital Assets Corp announced a 7:1 share consolidation effective June 7, 2024. Consequently, its OTC Markets trading symbol changed from 'BTCWF' to 'BTCWD' in the U.S. The symbol 'BTC' on the Canadian Securities Exchange remains unchanged. Additionally, Bluesky entered a debt settlement agreement with a third-party consultant for $100,000 CAD, to be settled by issuing 1,000,000 Common Shares at $0.10 CAD per share.

Positive

• Completed a 7:1 share consolidation, potentially increasing share price.
• New trading symbol 'BTCWD' on OTC Markets effective June 7, 2024.
• Maintained 'BTC' symbol on Canadian Securities Exchange.
• Entered a debt settlement agreement for services worth $100,000 CAD.

Negative

• Debt settlement involves issuing 1,000,000 new shares, potentially diluting existing shareholders.
• Share consolidation may not necessarily lead to an increase in overall market capitalization.

Toronto, Ontario--(Newsfile Corp. - June 14, 2024) - Bluesky Digital Assets Corp., (CSE: BTC) (OTCQB: BTCWD), ("Bluesky" or the "Corporation") announced today that effective June 7, 2024 the Corporation completed its 7:1 share consolidation. Due to the completion of the share consolidation, the Corporation's trading symbol on the OTC Markets in the United States changed from "BTCWF" to "BTCWD" effective June 7, 2024. The Corporation's trading symbol "BTC" on Canadian Securities Exchange (the "CSE") remains the same. The Corporation also announced today that it had entered into a debt settlement agreement with a third-party consultant for services rendered in the amount of $100,000 CAD. The debt will be settled via the issuance of 1,000,000 Common Shares at a price of $0.10 CAD per Common Share.

About Bluesky Digital Assets Corp.

Bluesky Digital Assets Corp, has created a high value digital enterprise at the intersection of Artificial Intelligence, Blockchain and Web3 business solutions. Leveraging its success as an early adopter providing proprietary technology solutions, Bluesky has invested in its Roadmap. Bluesky's platform, BlueskyINTEL, is well positioned to leverage the current exponential growth of Artificial Intelligence ("AI") and Blockchain based technologies through a tightly focus built collaborative platform. This innovative web platform offering supports and better enables businesses to adopt and utilize these emerging and developing technologies. For more information please visit Bluesky at: www.blueskydigitalassets.com or www.blueskyintel.com Please also follow us on Linkedin at: www.linkedin.com/company/bluesky-digital-assets/

For further information please contact:

Mr. Ben Gelfand
CEO & Director
Bluesky Digital Assets Corp.
T: (416) 363-3833
E: ben.gelfand@blueskydigitalassets.com

Mr. Frank Kordy
Secretary & Director
Bluesky Digital Assets Corp.
T: (647) 466-4037
E: frank.kordy@blueskydigitalassets.com

Forward-Looking Statements

Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward- looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither CSE nor its Regulation Services Provider as that term is defined in the policies of the CSE accepts responsibility for the adequacy or accuracy of this release. We seek safe harbor.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/213195

FAQ

What is the new trading symbol for Bluesky Digital Assets Corp on OTC Markets?

The new trading symbol for Bluesky Digital Assets Corp on OTC Markets is 'BTCWD'.

When did Bluesky Digital Assets Corp complete its 7:1 share consolidation?

Bluesky Digital Assets Corp completed its 7:1 share consolidation on June 7, 2024.

Did Bluesky Digital Assets Corp change its trading symbol on the Canadian Securities Exchange?

No, the trading symbol 'BTC' on the Canadian Securities Exchange remains the same.

How did Bluesky Digital Assets Corp settle its $100,000 CAD debt?

Bluesky Digital Assets Corp settled its $100,000 CAD debt by issuing 1,000,000 Common Shares at a price of $0.10 CAD per share.