Old Saybrook, Connecticut and Vancouver, British Columbia--(Newsfile Corp. - July 15, 2025) - BluSky Carbon Inc. (CSE: BSKY) (FSE: QE4) (WKN: A401NM) ("BluSky" or the "Company"), an innovative entry into the carbon removal clean technology sector, announces that, in connection with the news release dated February 11, 2025, the Company has entered into a second amendment (the "Second Amendment") of the non-brokered private placement of secured debentures (the "Debentures") of the Company, as initially amended on May 9, 2025 (the "Debenture Offering").
Pursuant to the Second Amendment, the principal amount of the Debentures was updated to US$768,275.14 and maturity was extended to October 15, 2025, subject to the payment of an extension fee of US$75,000.00. The Debentures will bear interest at a rate of 7% per annum (the "Interest"), calculated and payable monthly in cash, commencing February 28, 2025, are subject to the terms of a debenture certificate, and are secured against the assets of the Company. The Company may elect to pay all or any portion of the Interest "in kind". The Debentures were issued to a single, arm's-length purchaser. There were no finder's fees or commissions payable in connection with the Debenture Offering.
The net proceeds received by the Company from the Debenture Offering are intended to be used for the ongoing development of the Company's business model and for general working capital purposes.
This press release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The Debentures have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such Debentures may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration requirements and applicable U.S. state securities laws.
ON BEHALF OF THE COMPANY
William ("Will") Hessert
Chief Executive Officer
BluSky Carbon Inc.
35 Research Parkway,
Old Saybrook, CT, 06475
Tel. (860) 577-2080
Web, https://bluskycarbon.com/
Email. info@bluskycarbon.com
The CSE and Information Service Provider have not reviewed and do not accept responsibility for the accuracy or adequacy of this release.
Forward-Looking Statements Caution. This news release contains forward-looking statements relating to the intended use of proceeds from the Debenture Offering, the anticipated use of proceeds from the Debenture Offering, the Company's business and plans generally and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include the failure to satisfy the conditions of relevant securities regulatory authorities and exchange(s) and other risks detailed from time to time in the filings made by the Company with securities regulators. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable law.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/258814
SOURCE: Blusky Carbon Inc.
