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Bluesky Digital Assets (CSE:BTC) announces $3.25 million private placement

Cryptocurrency, The Market Online Deal Room
CSE:BTC
28 September 2021 16:00 (EST)
Bluesky Digital Assets - CEO, Ben Gelfand.

Source: Bluesky Digital Assets.

Bluesky Digital (BTC) has announced a C$3.25 million private placement with institutional investors.

The company will issue 10,077,519 common shares and accompanying common share purchase warrants priced at $0.3225 per pair.

Each warrant entitles the holder to purchase one common share for $0.43 for 60 months from the closing.

Bluesky will use the proceeds to purchase additional digital asset mining equipment and for general working capital purposes.

H.C. Wainwright & Co. is acting as the exclusive placement agent.

The private placement is expected to close on or about September 30, 2021.

Bluesky Digital Assets mines digital currencies and develops value-added technology services for the digital currency market.

Bluesky Digital (BTC) closed down by 29.07 per cent trading at $0.305 per share.

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