Toronto, Ontario--(Newsfile Corp. - March 10, 2021) - Bluesky Digital Assets Corp., (CSE: BTC) (CSE: BTC.PR.A) (OTC Pink: BTCWF), ("Bluesky" or the "Corporation") announced today that the Corporation had received $624,880.00 CDN in proceeds from the exercise of 694,311 Purchase Warrants ("Warrants") at an exercise price of $0.90 CDN per Warrant. The Warrants were originally issued in March and April of 2019 via the Corporation's Private Placement(s) of Unit(s) offerings.
The Corporation also announced that it had received a further $28,000.00 CDN in proceeds via the exercise of 186,667 Stock Options at an exercise price of $0.15 CDN per Stock Option. $3,000.00 CDN of $28,000.00 CDN was received via a payment in Bitcoin vs. cash. The Stock Options were exercised by an Officer and by a Consultant of the Corporation.
The Corporation is targeting primary usage of the proceeds from the Warrant and Options exercise towards equipment purchases with the purpose to further advance its active digital assets mining operations and for general working capital purposes.
About Bluesky Digital Assets Corp.
Bluesky Digital Assets Corp, is building a high value digital currency enterprise. Bluesky mines digital currencies, such as Bitcoin and Ether, and is developing value-added technology services for the digital currency market, such as digital mining proprietary software. Offering a complete ecosystem of value-creation, Bluesky is targeting reinvesting appropriate portions of its digital currency mining profits back into its operations. A percentage of the profit will be invested in the development of a proprietary Artificial Intelligence ("AI") based technology. Overall, Bluesky takes an approach that enables the Corporation to scale, and respond to changing conditions, within the still-emerging digital currency industry. The Corporation is poised to capture value in successive phases as this industry continues to scale.
For more information please visit Bluesky at: https://www.blueskydigitalassets.com.
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 & DirectorBluesky
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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