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Bluesky Digital Assets Corp. (CSE: BTC) (OTCQB: BTCWF) has secured an unsecured revolving credit facility worth $750,000 CAD from a syndicate of three private lenders. The facility carries an 8% annual interest rate and can be accessed through multiple advances for general working capital purposes, supporting the company’s AI research and development initiatives and the advancement of its BlueskyINTEL platform.
Additionally, the company has entered into business development agreements with consultants, agreeing to issue 7,500,000 Common Shares as compensation. These consultants will help source acquisition targets to expand Bluesky’s AI business model. The share issuance will not result in a change of control of the
Bluesky Digital Assets Corp. (CSE: BTC) (OTCQB: BTCWF) ha ottenuto un prestito revolving non garantito del valore di $750.000 CAD da un sindacato di tre finanziatori privati. Il prestito prevede un tasso d’interesse annuo dell’8% e può essere accessibile attraverso più anticipi per scopi generali di capitale operativo, sostenendo le iniziative di ricerca e sviluppo in IA dell’azienda e il progresso della sua piattaforma BlueskyINTEL.
Inoltre, l’azienda ha stipulato accordi di sviluppo commerciale con consulenti, accettando di emettere 7.500.000 Azioni Ordinarie come compenso. Questi consulenti aiuteranno a identificare obiettivi di acquisizione per espandere il modello di business in IA di Bluesky. L’emissione delle azioni non comporterà un cambio di controllo dell’
Bluesky Digital Assets Corp. (CSE: BTC) (OTCQB: BTCWF) ha conseguido una línea de crédito rotativa no asegurada por un valor de $750,000 CAD de un sindicato de tres prestamistas privados. La línea lleva un tasa de interés anual del 8% y puede ser accesible a través de múltiples anticipos para fines generales de capital de trabajo, apoyando las iniciativas de investigación y desarrollo de IA de la empresa y el avance de su plataforma BlueskyINTEL.
Además, la empresa ha firmado acuerdos de desarrollo comercial con consultores, acordando emitir 7,500,000 Acciones Comunes como compensación. Estos consultores ayudarán a buscar objetivos de adquisición para expandir el modelo de negocio de IA de Bluesky. La emisión de acciones no resultará en un cambio de control del
블루스카이 디지털 자산 법인 (CSE: BTC) (OTCQB: BTCWF)는 세 명의 사모 대출자로부터 무보증 회전 신용 한도를 750,000 CAD에 확보했습니다. 이 신용 한도는 연 8%의 이자율이 적용되며, 일반 운영 자본 목적을 위한 다수의 자금 조달을 통해 접근할 수 있어 회사의 AI 연구 및 개발 이니셔티브와 BlueskyINTEL 플랫폼의 발전을 지원합니다.
또한, 회사는 컨설턴트와 비즈니스 개발 계약을 체결하고, 보상으로 7,500,000 보통주를 발행하기로 합의했습니다. 이들 컨설턴트는 블루스카이의 AI 비즈니스 모델을 확장하기 위해 인수 대상을 찾는 데 도움을 줄 것입니다. 주식 발행은
Bluesky Digital Assets Corp. (CSE: BTC) (OTCQB: BTCWF) a sécurisé une ligne de crédit renouvelable non garantie d’une valeur de 750 000 CAD auprès d’un syndicat de trois prêteurs privés. La ligne porte un taux d’intérêt annuel de 8% et peut être accessible par le biais de plusieurs avances à des fins de fonds de roulement général, soutenant les initiatives de recherche et développement en IA de l’entreprise ainsi que l’avancement de sa plateforme BlueskyINTEL.
De plus, l’entreprise a conclu des accords de développement commercial avec des consultants, s’engageant à émettre 7 500 000 Actions Ordinaires comme compensation. Ces consultants aideront à identifier des cibles d’acquisition pour étendre le modèle commercial en IA de Bluesky. L’émission des actions ne conduira pas à un changement de contrôle de l’
Bluesky Digital Assets Corp. (CSE: BTC) (OTCQB: BTCWF) hat eine unbesicherte revolvierende Kreditfazilität im Wert von 750.000 CAD von einem Syndikat aus drei privaten Kreditgebern gesichert. Die Fazilität hat einen jährlichen Zinssatz von 8% und kann über mehrere Vorschüsse für allgemeine Betriebskapitalzwecke in Anspruch genommen werden, um die Forschungs- und Entwicklungsinitiativen der Firma im Bereich KI sowie den Fortschritt ihrer BlueskyINTEL-Plattform zu unterstützen.
Darüber hinaus hat das Unternehmen Geschäftsontwikklungsvereinbarungen mit Beratern geschlossen und sich verpflichtet, 7.500.000 Stammaktien als Vergütung auszugeben. Diese Berater werden dabei helfen, Akquisitionsziele zu finden, um das KI-Geschäftsmodell von Bluesky zu erweitern. Die Ausgabe der Aktien wird nicht zu einem Kontrollwechsel führen
Positive
- Secured $750,000 CAD credit facility for working capital and AI development
- Flexible drawdown structure through multiple advances
- Strategic engagement of consultants for AI-focused acquisition targeting
Negative
- 8% annual interest rate adds to debt servicing costs
- 7,500,000 new common shares issuance leading to shareholder dilution
Toronto, Ontario–(Newsfile Corp. – January 7, 2025) – Bluesky Digital Assets Corp., (CSE: BTC) (OTCQB: BTCWF) (“Bluesky” or the “Corporation”) announced today that it had closed and that it had secured a unsecured revolving credit facility (the “Facility”) from a group of three private lenders (the ‘Syndicate”) for the combined amount of $750,000 CAD. The Facility bears a cash interest rate of 8% per annum. The Facility can be drawn upon in multiple advances. Any funds drawn upon will be used for general working capital purposes while the company advances its research and development and of it AI endeavours and to further advance the Corporation’s BlueskyINTEL platform.
The Corporation has also agreed to enter into business development agreements with certain consultants where the Corporation has agreed to issue 7,500,000 Common Shares as compensation. Upon the issuance of the Common Shares, no change of control of the Corporation will occur. The Consultants have been retained to assist the Corporation in sourcing acquisition targets to further advance the Corporation’s AI business model.
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/
Forward-Looking Statements
This news release may contain assumptions, estimates, and other forward-looking statements regarding future events. Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond the Company’s control that may cause actual results or performance to differ materially from those currently anticipated in such 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/236400
FAQ
What is the size and interest rate of Bluesky Digital Assets’ (BTCWF) new credit facility?
Bluesky Digital Assets secured a $750,000 CAD credit facility with an 8% annual interest rate.
How many common shares is BTCWF issuing to consultants in January 2025?
Bluesky Digital Assets is issuing 7,500,000 common shares to consultants as compensation for business development services.
What will BTCWF use the credit facility funds for?
The funds will be used for general working capital, AI research and development, and advancing the BlueskyINTEL platform.
Will the new share issuance result in a change of control for BTCWF?
No, the issuance of 7,500,000 common shares to consultants will not result in a change of control of the
