BluSky Carbon Announces $3.5 Million Debt Financing

Core Points - BluSky Carbon Inc. is planning to secure a debt financing of US$3,500,000 with an arms-length lender to support its operations in the carbon removal clean technology sector [1][2] - The loan will mature in 12 months and will accrue interest at a rate of 12% per annum, compounded monthly [2] - Proceeds from the loan will be used to satisfy existing liabilities and for general corporate purposes, with the loan secured against the company's assets [2] Loan Details - The loan agreement includes conditions precedent that must be met or waived by the lender before funding, including the completion of loan and security documents and satisfactory due diligence [2] - There will be no finder's fees or commissions associated with the loan [2] Regulatory Information - The securities related to the loan have not been registered under the U.S. Securities Act and cannot be offered or sold in the U.S. without compliance with applicable laws [3]