BluSky Carbon Inc. has announced an amendment to the terms of its secured debenture financing. The principal amount of the debentures has been updated to US$768,275.14, with the maturity extended to October 15, 2025, following the payment of a US$75,000 extension fee. These debentures will carry an interest rate of 7% per annum, payable monthly in cash starting from February 28, 2025. The debentures are secured against the company's assets and were issued to a single arm's-length purchaser without any finder's fees or commissions. Proceeds from this offering will support the ongoing development of BluSky's business model and general working capital needs.
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