BluSky Carbon Secures $500,000 Debenture Financing and Plans New Offerings

BluSky Carbon Inc., a company in the carbon removal clean technology sector, has successfully closed a private placement of secured debentures, generating gross proceeds of $500,000. The debentures carry an interest rate of 7% per annum and are secured against the company's assets, maturing in four months. The funds will be used for business development and working capital.

Additionally, BluSky plans a private placement of units, aiming to raise up to $300,000. Each unit, priced at $0.20, includes one common share and one warrant, with the warrant exercisable at $0.30 over 24 months. The funds will support corporate and working capital needs.

The company also announces a convertible debenture offering to raise $750,000, with debentures bearing a 12% annual interest, convertible into common shares at $0.24. These proceed will also be allocated to general corporate purposes.