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Bluesky Digital Assets (CSE:BTC) announces $1.5M non-brokered private placement

Cryptocurrency, The Market Online Deal Room
CSE:BTC
21 December 2021 09:00 (EDT)

Bluesky Digital Assets (BTC) is conducting a non-brokered private placement to raise up to $1,500,000.

The company will issue up to 6,000,000 units priced at $0.25 per unit.

Each unit will consist of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one additional common share at an exercise price of $0.40 for a period of 36 months from the closing of the financing.

The warrants will be subjected to an accelerated expiry date if certain market conditions occur. All shares issued in connection with this placement will be subject to a four-month hold period.

Proceeds from the financing will be used for purchasing additional mining equipment to expand the company’s existing digital assets mining operations and for general working capital purposes.

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

Bluesky Digital Assets Corp. (BTC) opened trading at C$0.30 per share.

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