BluSky Carbon Closes Convertible Debenture Financing and Unit Offering

BluSky Carbon Inc., a company pioneering in the carbon removal clean technology sector, has completed its non-brokered private placement of convertible debentures. The placement raised $750,000 through Convertible Debenture Units priced at $1,000 each. These units include 4,761.9 share purchase warrants, exercisable for two years at $0.30 per share. The debentures mature in 18 months, offering a 12% annual interest rate, and are convertible into common shares at $0.21 each.

Additionally, BluSky finalized a separate non-brokered private placement of Units, raising $222,000 by issuing 1,110,000 Units at $0.20 each. Each Unit includes a common share and a warrant, exercisable for 24 months at $0.30 per share. Both placements are subject to a securities hold period of four months and one day.

The funds will support BluSky's business development and general capital purposes. These offerings are not available within the United States, owing to securities registration restrictions.