- Bluesky Digital Assets (BTCWF, Financial) completes second tranche of private placement, raising C$100,000.
- Total funds raised across both tranches reach C$310,000 with issuance of 2,583,333 Units.
- Proceeds to fund AI development, online gaming initiatives, and working capital.
Bluesky Digital Assets Corp (OTCQB: BTCWF) has successfully completed the second tranche of its non-brokered private placement, securing an additional C$100,000. This was achieved through the issuance of 1,200,000 Units at C$0.12 per unit.
Across both tranches, Bluesky has raised a total of C$310,000, with 2,583,333 Units issued. Each Unit comprises one Common Share and one Warrant, with the Warrant exercisable at C$0.15 for 24 months. No finder's fees were paid on the second tranche, thereby optimizing the net proceeds.
The corporation has extended the closing date of the offering to August 15, 2025, aiming for total gross proceeds of up to C$1,000,000. The funds will be allocated towards advancing Bluesky's AI development, online gaming initiatives, and general working capital needs.
Notably, the securities issued will be subject to a statutory hold period of four months and one day from the issuance date. The company emphasizes that the securities will not be registered under the United States Securities Act of 1933, limiting their offer and sale to qualifying jurisdictions.
