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.
Trading Data
On Friday, BTCWF stock moved up 11.50% to $0.2063 with more than 41k shares, compared to its average volume of 164K shares. The stock has moved within a range of $0.1800 – 0.2063 after opening trade at $0.1907.
Bluesky Digital Assets Corp. Raises $1,629,500 CAD after Closing First Tranche of Its Non-Brokered Private Placement
Bluesky Digital Assets Corp. (OTCMKTS:BTCWF) made an announcement on January 7, 2022 about closing the first tranche of its December 20, 2021 previously announced non-brokered private placement financing.
As of now, the Corporation has raised $1,629,500.00 CAD via the sale of 6,518,000 Units. In the press release back in December 2021, all Units were quoted at a price of 0.25 CAD per Unit. Each Unit comprised a Common Share in the capital of the Corporation and one Common Share Purchase Warrant with each Warrant enabling the holder thereof to purchase one additional Common Share of the Corporation at an exercise price of $0.40 CAD per Common Share for a period of 36 months from the closing of the financing.
If certain market conditions occur as mentioned in the Corporation’s subscription document, the Warrants will then be subjected to an accelerated expiry date. All Common Shares issued in connection with this placement will be subject to a four month plus one day hold period under applicable Canadian securities laws.
The Corporation paid $43,400.00 CAD in finder’s fees and issued 165,600 Broker Warrants, in connection with the closing. These Broker Warrants were issued on the same terms as the Warrants contained in the Units of this offering. All proceeds from the financing are to be diverted towards general working capital purposes and purchase of additional mining equipment for expanding the corporation’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. Moreover, the stock is trading above the 200-Day moving average of $0.4149.
