Blusky Carbon Announces Amendments To Terms Of Convertible Debenture Financing

(MENAFN- Newsfile Corp) Old Saybrook, Connecticut and Vancouver, British Columbia--(Newsfile Corp. - September 2, 2025) - BluSky Carbon Inc. (CSE: BSKY) (FSE: QE4) (WKN A401NM) (" BluSky " or the " Company "), an innovative entry into the carbon removal clean technology sector, announces that, in connection with the news release dated February 24, 2025, the Company has amended the terms of the convertible debentures of the Company in the principal amount of $750,000 (the " Convertible Debentures ", and each a " Convertible Debenture Unit "). Each Convertible Debenture Unit consists of (i) a $1,000 principal amount Convertible Debenture and (ii) 4,761.9 common share purchase warrants of the Company (the " Warrants "), with each whole Warrant entitling the holder to acquire one common share of the Company (a " Common Share ") at a price of $0.30 for a period of 2 years from issuance. The Convertible Debentures bear interest at a rate of 12.0% per annum.

Pursuant to the amended terms, each Convertible Debenture will be convertible, in whole or in part, at any time while any principal or interest remains outstanding, into Common Shares, at the option of the holder, at a price of $0.115 per Common Share, from the original conversion price of $0.21 per Common Share. The maturity date of the Convertible Debentures has likewise been extended to February 23, 2027. The parties have further agreed to an escalation of the conversion price, such that if the Common Shares on the Exchange close above $0.153 for ten (10) consecutive trading days, the debentureholder will have 30 days (the " Escalation Period ") to convert any outstanding principal amount or interest outstanding at the conversion price. Following the Escalation Period, the conversion price will change to $0.21, subject to adjustment in certain circumstances set forth in the debenture certificate.

Grant of Restricted Share Units

The Company further announces that it has granted an aggregate of 5,000,000 Restricted Share Units (" RSUs ") to its directors, subject to vesting provisions. The RSUs were granted in accordance with the Company's equity incentive plan and are subject to a hold period of four months commencing on the date of grant in accordance with the policies of the Canadian Stock Exchange.

This press release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration requirements and applicable U.S. state securities laws.

ON BEHALF OF THE COMPANY
William ("Will") Hessert
Chief Executive Officer

BluSky Carbon Inc.
35 Research Parkway,
Old Saybrook, CT, 06475
Tel. (860) 577-2080
Web,
Email. ...

The CSE and Information Service Provider have not reviewed and do not accept responsibility for the accuracy or adequacy of this release.

Forward-Looking Statements Caution . This news release contains forward-looking statements relating to the Convertible Debentures and the grant of RSUs, the Company's business and plans generally and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include the failure to satisfy the conditions of relevant securities regulatory authorities and exchange(s) and other risks detailed from time to time in the filings made by the Company with securities regulators. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable law.

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SOURCE: Blusky Carbon Inc.

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