Bluesky Digital Assets Corp. (OTCMKTS:BTCWF) Stock rebounds from recent drop

Shares of Bluesky Digital Assets Corp. (OTCMKTS:BTCWF) closed higher on Friday on unusual volume. However, the stock is still down 33% in the past month.

Commercial data

On Friday, BTCWF stock rose 11.50% to $0.2063 with over 41,000 shares, compared to its average volume of 164,000 shares. The stock moved in a range from $0.1800 to $0.2063 after trading opened at $0.1907.

Bluesky Digital Assets Corp. raises C$1,629,500 following the closing of the first tranche of its non-brokered private placement

Bluesky Digital Assets Corp. (OTCMKTS: BTCWF) made an announcement on January 7, 2022 regarding the closing of the first tranche of its non-brokered private placement financing previously announced on December 20, 2021.

To date, the Company has raised CAD$1,629,500.00 through the sale of 6,518,000 Units. In the December 2021 press release, all Units were listed at a price of CAD 0.25 per Unit. Each unit consisted of one common share in the capital of the Company and one common share purchase warrant, each warrant entitling its holder to purchase one additional common share of the Company at the exercise price of CA$0.40 per common share for a period of 36 months. from the closing of the financing.

If certain market conditions occur as set forth in the Company’s subscription document, then the Warrants will be subject to an accelerated expiry date. All common shares issued pursuant to this offering will be subject to a hold period of four months plus one day under applicable Canadian securities laws.

The Company paid C$43,400.00 in finder’s fees and issued 165,600 brokerage warrants as part of the closing. These brokerage warrants were issued under the same conditions as the subscription warrants contained in the units of this offer. All funding proceeds are to be diverted to general working capital and the purchase of additional mining equipment to expand the company’s existing digital asset mining operations.

technical data

BTCWF stock is trading above the 20-day and 50-day moving averages of $0.2315 and $0.3045 respectively. Additionally, the stock is trading above the 200-day moving average of $0.4149.

Sylvia B. Polson