Blusky Carbon Inc. Announces up to $3.0 Million Private Placement Offering of Special Warrants
Summary
Each Warrant will entitle the holder to acquire one Common Share (each, a "Warrant Share") at an exercise price of $0.65 for a period of 24 months.The net proceeds raised under the Offering will be used for corporate development and for general working capital purposes.The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals. Closing of the Offering is expected to be on or about the week of November 18, 2024 (the "Closing").The Company would also like to take this opportunity to state, with reference to its news release dated October 11, 2024, that the services to be provided to the Company by DSS-Digital Service Solution GmbH ("DSS"), as referenced in the October 11, 2024 news release, are expected to continue for a period of 30 days; provided, however, that the Company may elect to extend such services at its discretion by paying a further fee to DSS. This news release contains forward-looking statements relating to the completion of the Offering, the filing and receipt for the Final Prospectus, the Companys business and plans, including with respect to undertaking further acquisitions, regulatory compliance issues and other statements that are not historical facts. 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. 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.