BluSky Carbon Revises Terms of Convertible Debenture Offering

BluSky Carbon Inc., a company in the carbon removal clean technology sector, has announced amendments to its non-brokered private placement. The revised terms involve the issuance of convertible debenture units, each comprising a $1,000 principal amount debenture and 4,761.9 common share purchase warrants. The offering aims to raise up to $1,000,000. Warrants allow holders to purchase one common share at $0.30 within two years of closing.

The debentures carry a 12.0% interest rate per annum and mature 18 months post-closing. They are convertible into common shares at $0.21 each. This offering is not registered under the U.S. Securities Act and is not available in the U.S. or to U.S. persons. Forward-looking statements in the release highlight possible risks and uncertainties involved in the offering and the company's plans.