Bluesky Digital Assets Corp. announced that it had entered into an agreement where the Corporation will pay back the CAD 100,000 loan that was
advanced to the Corporation via the CAD 300,000 credit facility agreement the Corporation announced it had entered into, via press release, back on February 22, 2024. The Corporation will settle the outstanding loan amount via the issuance of 3,333,333 Common Shares at a price of CAD 0.03 per Common Share. The Corporation also announced that it will also settle an aggregate of $50,000 CAD of secured debt owed to a creditor via the issuance of an aggregate 1,666,667 Common Shares at a price of CAD 0.03 per Common Share. The debt settlement will assist the Corporation in preserving its cash for working capital and to further advance its AI endeavors. The issuance of the 5,000,000 Common Shares will not result in a change of control of the Corporation.