Toronto, Ontario–(Newsfile Corp. – January 07, 2025) – Bluesky Digital Assets Corp., (CSE: BTC ) (OTCQB: BTCWF ) (“Bluesky” or the “Corporation”) announced today that it has closed and has secured an unsecured revolving credit facility (the “Facility”) from a group of three private lenders (the “Syndicate”) for a combined amount of CAD 750,000. The facility bears cash interest at 8% The loan can be drawn in multiple installments.All funds drawn will be used for general working capital purposes while the company advances its AI-related efforts and further advances the BlueskyINTEL corporate platform.
The Corporation has also agreed to enter into business development agreements with certain consultants whereby the Corporation has agreed to issue 7,500,000 shares of common stock as compensation. After the issuance of Common Shares, there will be no change of control over the Corporation. Consultants have been engaged to assist the Corporation in finding 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 invested in its Roadmap. Bluesky’s platform, BlueskyINTEL, is well positioned to capitalize on the current exponential growth in Artificial Intelligence (“AI”) and Blockchain-based technologies through a narrowly focused collaboration platform. This innovative web platform supports and better enables businesses to adopt and leverage these emerging and evolving technologies.
For more information, visit Bluesky at: www.blueskydigitalassets.com or www.blueskyintel.com
Follow us on Linkedin at: www.linkedin.com/company/bluesky-digital-assets/
Forward-looking statements
This 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 could cause actual results or performance to differ materially from those currently anticipated in such statements. The information provided in this press release may include 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 hereof 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 presented 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 the solicitation of an offer to buy any of the securities described herein and, accordingly, undue reliance should not be placed on them. Neither the CSE nor its regulatory service provider, as that term is defined in the CSE Rules, accepts responsibility for the adequacy or accuracy of this communication. We are looking for a safe harbor.
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