Bluesky Digital Assets Announces Corporate Updates and Provides Corrective Disclosure

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TORONTO, Oct. 31, 2025 (GLOBE NEWSWIRE) — Bluesky Digital Assets Corp., (CSE: BTC), (OTCQB: BTCWF), (“Bluesky” or the “Corporation”) announced today that, further to its press releases dated July 8, 2025 and July 15, 2025, the Corporation wishes to provide the following corrective disclosure:

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Corrective Disclosure

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On July 8, 2025, the Corporation disclosed its intention to complete a non-brokered private placement offering of up to 8,333,333 units (each, a “Unit“) at a price of C$0.12 per Unit for aggregate gross proceeds of up to C$1,000,000 (the “Offering”). Each Unit was to consist of one common share in the capital of the Corporation (each, a “Common Share“) and one Common Share purchase warrant (each, a “Warrant“). Each Warrant was to entitle its holder to acquire one additional Common Share (each, a “Warrant Share”) at an exercise price of C$0.15 per Warrant Share for a period of 24 months from the date of issuance.

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In addition, in connection with the Offering, the Corporation was to pay eligible finders a finder’s fee comprised of 8% of the gross proceeds of the Offering in cash, and such number of non-transferable finder’s warrants which equals 8% of the number of Units equal to the gross Units issued (each, a “Finder’s Warrant“). Each Finder’s Warrant was to entitle its holder to acquire one Common Share (each, a “Finder’s Warrant Share“) at a price of $0.15 per Finder’s Warrant Share for a period of two years from the date of issuance. Other than being non-transferable, each Finder’s Warrant was to be on the same terms as the Warrants.

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The Units, Common Shares, Warrants, Warrant Shares, Finder’s Warrants, and Finder’s Warrant Shares are collectively referred to herein as the “Securities”.

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Initial Tranche

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On July 8, 2025, the Corporation announced that it had closed the initial tranche of the Offering (the “Initial Tranche”), effective July 8, 2025, through the issuance of 1,750,000 Units for gross proceeds of approximately C$210,000; however, the Corporation actually closed the Initial Tranche effective July 14, 2025. In addition, the Corporation incorrectly disclosed that it had issued eligible finders an aggregate amount of 18,000 Finder’s Warrants in connection with closing the Initial Tranche; however, the Corporation actually issued eligible finders an aggregate amount of 100,000 Finder’s Warrants.

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All Securities issued in connection with closing of the Initial Tranche were subject to a statutory hold period of four months and one day from the date of issuance.

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The Corporation intends to use the net proceeds from the Initial Tranche to further advance its AI development and online gaming endeavors and for general working capital purposes.

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Second Tranche

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On July 15, 2025, the Corporation announced that it had closed the second tranche of the Offering (the “Second Tranche”), effective July 14, 2025, through the issuance of an additional 1,200,000 Units for gross proceeds of approximately C$100,000; however, the Corporation actually issued an additional 833,333 Units. Therefore, combined with the Initial Tranche, as of July 14, 2025, the Corporation had issued an aggregate of 2,583,333 Unit for aggregate gross proceeds of approximately C$310,000. No finder’s fees were paid in connection with the Second Tranche.

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All Securities issued in connection with closing of the Second Tranche were subject to a statutory hold period of four months and one day from the date of issuance.