Blue Horizon Evaluates & Considers Tokenization Through A Regulated Asset Structuring Initiative to Unlock Value from Proprietary 3D Seismic Data

Executive Summary

• Blue Horizon Global Capital Corp. is evaluating a regulated token‑based structure to monetize its proprietary 3D seismic dataset in Montana, valued at approximately CAD $15 million.
• The proposed structure would create an Ontario‑based SPV issuing regulated securities that provide economic exposure to cash flows from licensing or reprocessing the data, without granting governance rights.
• No binding agreements have been executed; the company remains in an evaluation phase and will update shareholders as developments occur.

Key Details

• Asset Description: 3D seismic dataset covering ~120 sq mi in Pondera & Teton Counties, Montana; owned 67.5 % by Primary Petroleum Company USA (Blue Horizon subsidiary) and 32.5 % by Oxy USA Inc.
• Fair Market Value Estimate: Approximately CAD $15 million (internal estimate).
• Current Monetization: Historically licensed and reprocessed; ongoing licensing opportunities being marketed by American Geophysical Corporation.
• Proposed Tokenization Structure:
• Economic rights to the seismic data would be transferred or licensed to a newly created Ontario‑based SPV.
• The SPV would issue regulated securities representing only cash‑flow exposure from the dataset’s monetization activities.
• Security holders would have no voting or operational control; Blue Horizon retains strategic oversight.
• Regulatory Compliance: Structure intended to comply fully with Canadian securities laws and target institutional investors; blockchain used solely as a registry/settlement tool, not involving retail crypto assets.
• Capital Sequencing Considerations:
• Potential distribution of 20‑30 % of the economic interest on a pro‑rata basis to existing shareholders as a return of capital (subject to approvals).
• Prior establishment of transparent reference valuation before any third‑party participation.
• Subsequent issuance aimed at institutional/strategic investors at market‑validated pricing.
• Status: Evaluation phase only; no binding agreements or financing decisions have been made. Updates will be provided per continuous disclosure obligations.
• Related Disclosure: Termination of the securities purchase agreement with C2 Technology Innovations Ltd. (dated July 28, 2025) due to C2’s inability to secure funding and CSE valuation requirements.

Notable Quotes

“Management believes that this type of non‑operating data asset is not efficiently reflected in public equity valuations… A regulated tokenization‑based structure could provide a conservative, non‑dilutive method to improve value recognition while maintaining strategic control.” – Alex MacKay, Chief Executive and Financial Officer.