Bluesky Digital Assets
Source: Bluesky Digital Assets
  • Bluesky Digital Assets (CSE:BTC) closed the second and final tranche of its private placement for gross proceeds of C$575,550
  • The Toronto-based company issued 12,790,000 units at a price of $0.045 per unit
  • In April, Bluesky announced its non-brokered private placement of up to 14,750,000 units of the company at a price of C$0.045 per unit for aggregate gross proceeds of up to C$663,750
  • Bluesky Digital Assets Corp. (BTC) opened trading at $0.05 per share

Bluesky Digital Assets (CSE:BTC) closed the second and final tranche of its private placement for gross proceeds of C$575,550.

The Toronto-based company issued 12,790,000 units at a price of $0.045 per unit.

Each unit consists of one common share of the company and one common share purchase warrant. Each warrant entitles its holder to purchase one additional common share at an exercise price of $0.065 per common share for 24 months from the issue date.

In April, Bluesky announced its non-brokered private placement of up to 14,750,000 units of the company at a price of C$0.045 per unit for aggregate gross proceeds of up to C$663,750.

The company intends to use the net proceeds from for marketing and promotion of its blockchain engagement platform, the development of its artificial intelligence (AI) division, Bluesky INTEL, and general working capital purposes.

Bluesky Digital is building a high-value digital currency enterprise through mining digital currencies such as Bitcoin and Ether. Recently, the company stated that it plans to repurpose its GPU hardware based on the demand for AI technology.

The company said it intends to leverage the current demand in the marketplace for GPU software that supports the development and delivery of AI-based technology. Click here for more on that news.

Bluesky Digital Assets Corp. (BTC) opened trading at $0.05 per share.

The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.

More From The Market Online

Usha Resources begins phase 4 fieldwork at White Willow Project

Usha Resources (TSXV:USHA) has begun the fourth phase of fieldwork at its White Willow Lithium Project in Ontario following phase 3 work.

@ the Bell: Stocks level-out ahead of Easter long weekend

A rebound in oil prices and growth in metal prices helped push Canada’s main stock index higher as investors await economic data.