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TORONTO, Oct. 31, 2025 (GLOBE NEWSWIRE) — Bluesky Digital Assets Corp., (CSE: BTC), (OTCQB: BTCWF), (“bluesky” or “Corporation“) announced today that, further to its press releases dated July 8, 2025 and July 15, 2025, the Corporation wishes to provide the following corrective information:
Corrective Disclosure
On July 8, 2025, the Corporation announced its intention to complete a non-brokered private placement of up to 8,333,333 shares (each, “Unit“) at a price of C$0.12 per unit for aggregate gross proceeds up to C$1,000,000 (“OfferEach unit was to consist of one common share in the capital of the Corporation (each “Ordinary share“) and one warrant to purchase a Common Share (each a “OrderEach warrant would entitle the holder thereof to purchase one additional share of Common Stock (each a “Share warrant“) at an exercise price of C$0.15 per warrant share for a period of 24 months from the date of issue.
In addition, in connection with the Offering, the Corporation was required to pay to eligible persons entitled to receive consideration consisting of 8% of the gross proceeds of the Offering in cash, as well as such number of non-transferable founder warrants as equal to 8% of the number of Units equal to the gross amount of Units issued (each “Seeker's Warrant“). Each Finder Warrant would entitle the holder thereof to purchase one share of Common Stock (each a “Finder Warrant Share“) at a price of $0.15 per Finder warrant share for a period of two years from the date of issuance. Except that each Finder's warrant was non-transferable, it was to be subject to the same terms and conditions as the warrants.
Units, shares of common stock, warrants, stock warrants, Finder warrants and Finder warrants are collectively referred to herein as the “Securities.”
Initial tranche
On July 8, 2025, the Corporation announced the closing of the initial tranche of the Offering (“Initial tranche“), commencing July 8, 2025, by issuing 1,750,000 Units for gross proceeds of approximately C$210,000; however, the Corporation effectively closed the Initial Tranche as of July 14, 2025. In addition, the Corporation incorrectly disclosed that it issued to eligible finders an aggregate amount of 18,000 Finder's Warrants in connection with the closing of the Initial Tranche; however, the Corporation actually issued a total of 100,000 seeker warrants to the offenders.
All securities issued in connection with the closing of the Initial Tranche were subject to a statutory hold period of four months and one day from the date of issue.
The Corporation intends to use the net proceeds from the initial tranche to further advance its artificial intelligence and online gaming development efforts, as well as for general working capital purposes.
Second tranche
On July 15, 2025, the Corporation announced the closing of the second tranche of the Offering (“Second tranche“), commencing July 14, 2025, by issuing an additional 1,200,000 Units for gross proceeds of approximately C$100,000; however, the Corporation actually issued an additional 833,333 Units. Therefore, in combination with the Initial Tranche, as of July 14, 2025, the Corporation has issued a total of 2,583,333 Units for aggregate gross proceeds of approximately C$310,000. No commissions were paid in connection with the Second Tranche.
All Securities issued in connection with the closing of the Second Tranche were subject to a statutory holding period of four months and one day from the date of issue.
The Corporation intends to use the net proceeds from the second tranche to further develop its artificial intelligence and online gaming development efforts, as well as for general working capital purposes.
Third and final tranche
In addition, the Corporation wishes to announce that, effective August 15, 2025, the Corporation has closed its third and final tranche of the Offering (“Final tranche“) by issuing an additional 2,199,999 Units for a total consideration of approximately $264,000. No commissions were paid to the intermediary in connection with the Final Tranche.
All Securities issued in connection with the closing of the Final Tranche were subject to a statutory hold period of four months and one day from the date of issue.
In connection with the Offering, (i) the Corporation raised aggregate gross proceeds of approximately C$574,000 through the issuance of an aggregate of 4,783,333 Units and (ii) paid C$12,000 in cash to Finder's Shareholders and issued an aggregate of 100,000 Finder's Warrants. The Corporation intends to use the net proceeds from the Offering to further advance its artificial intelligence and online gaming development efforts and for general working capital purposes.
The securities issued in the Offering will not be registered in the United States. Securities Act of 1933.as amended (“Securities Law“), and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements under the Securities Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
June 30, 2025 Financial Statements, Management's Discussion and Analysis
The Company wishes to announce that it has refiled its financial statements and management's discussion and analysis (“MD&A”) for the three and six months ended June 30, 2025 to correct errors discovered after their initial filing. These amendments do not have a material effect on the Company's overall financial position or its cash flows.
ABOUT bluesky Digital Resources Corp.
Bluesky Digital Assets Corp has created a valuable digital enterprise at the intersection of artificial intelligence, blockchain and Web3 business solutions. Leveraging its success as one of the first companies to offer proprietary technology solutions, Bluesky has invested in its roadmap. Bluesky's platform, BlueskyINTEL, is well positioned to leverage the current exponential growth of artificial intelligence (“AI”) and blockchain technologies through a sophisticated collaboration platform. This innovative web platform supports and enables businesses to better implement and leverage these new and evolving technologies.
For more information visit Bluesky at: www.blueskydigitalassets.com or www.blueskyintel.com
Also follow us on Linkedin at: www.linkedin.com/company/bluesky-digital-resources/
For further information Please contact:
Mr. Ben Gelfand
CEO and Director
Bluesky Digital Assets Corporation.
T: (416) 363-3833
E: [email protected]
Visionary Statements
This press release may contain assumptions, estimates and other forward-looking statements regarding future events. Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond the Corporation's control, that could cause actual results or performance to differ materially from those currently anticipated in such statements. The information set forth in this press release may include forward-looking statements within the meaning of applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included herein are made as of the date hereof, 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 laws. Although management believes that the expectations expressed in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein and, accordingly, undue reliance should not be placed on it. Neither CSE nor its regulatory services provider, as that term is defined in CSE policies, accepts responsibility for the adequacy or accuracy of this release. We are looking for a safe harbor.
