secwatch.observer — SEC 8-K summary
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Issuer:     BLUSKY AI INC. (BSAI)
CIK:        0001416090
Form:       8-K
Filed at:   2023-02-08T23:59:59+00:00
Accession:  0001493152-23-003973
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Inception Mining sells Clavo Rico mine subsidiary to Mother Lode Mining for up to $5.4M
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- Sold all shares of Compañía Minera Cerros Del Sur (CMCS), owner of Clavo Rico mine in Honduras.
- Total cash consideration of $5.4M: $2.7M already paid to satisfy debts, $2.7M due over 24 months.
- Monthly payments start Mar 1, 2023: $25k first month, $50k for three months, then $100k for 20 months, final balloon.
- Unpaid balance secured by 10% net smelter royalty; Company also receives 5% net profits interest up to $1M.
- Effective date of disposition January 24, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1416090/000149315223003973/0001493152-23-003973-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1416090/000149315223003973/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-003973

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