Guest

BluSky Carbon Announces $3.5 Million Debt Financing

Date/time : 2025-08-13 06:00 AM
Symbol :

BSKY

Company : BluSky Carbon Inc.
Price : 0.100
Market cap : 6,836,646
O/S : 68,366,456
Exchange :

CSE

Industry :

Waste & Pollution Control

Full story

BluSky Carbon Announces $3.5 Million Debt Financing

Old Saybrook, Connecticut and Vancouver, British Columbia--(Newsfile Corp. - August 13, 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 it intends to complete a secured debt financing with an arms-length lender (the "Lender") in the principal amount of US$3,500,000.00 (the "Loan") pursuant to a loan agreement (the "Loan Agreement") with the Lender.

The Loan is set to mature 12 months from the date on which the Lender provides full funding for the Loan, and will accrue interest at 12% per annum, compounded and calculated at the end of each calendar month. The Company intends to use the Loan proceeds to satisfy existing liabilities and for general corporate purposes. The Loan will be secured against the assets of the Company. The Loan will be funded when conditions precedent are met or waived by the Lender, including but not limited to the completion of executed Loan and Security documents, the fulfillment of documentation requests from the Lender to the Borrower, satisfactory completion of due diligence, and no material adverse change shall have occurred prior to the date on which the Lender provides full funding for the loan. There will be no finder's fees or commissions payable in connection with the Loan.

The security described herein has not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to available exemptions therefrom. This release does not constitute an offer to sell or a solicitation of an offer to buy of any securities in the United States.

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 anticipated use of proceeds from the Loan, the conditions precedent being met or waived, the release of the funding for the Loan, 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.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/262303