Toronto, Ontario--(Newsfile Corp. - June 8, 2022) - Bluesky Digital Assets Corp., (CSE: BTC), (OTCQB: BTCWF), ("Bluesky" or the "Corporation") is announcing today its intention to initiate a Normal Course Issuer Bid ("NCIB") to purchase Common Shares of the Corporation through the facilities of the Canadian Securities Exchange (the "CSE"). Pursuant to the NCIB, the Corporation may purchase up to 3,209,590 of its Common Shares over a 12-month period, representing approximately 5% of the Total amount of Common Shares that are issued and outstanding as of June 8, 2022.
The NCIB will commence on June 9, 2022 and it will terminate on June 9, 2023 or such earlier date on which purchases under the NCIB have been completed. The Common Shares purchases under the NCIB will be made through the facilities of the CSE or alternative Canadian trading systems at the market price of the Common Shares at the time of acquisition.
The number of Common Shares the Corporation is permitted to purchase during any 30-day period is limited to 1,283,836, representing 2% of the total issued and outstanding Common Shares as of June 8, 2022. The Common Shares will be purchased at the discretion of the Senior Management Team of the Corporation. All Common Shares purchased by the Corporation under the NCIB will be returned to treasury and cancelled once the NCIB is completed or at an alternative time(s) that the Management Team deems as being appropriate.
iA Private Wealth Inc., has been appointed to...
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