Cypher Metaverse Inc. Announces Financing
Cypher Metaverse Inc. (CSE:CODE) has announced a non-brokered private placement to raise up to $1,000,000. The company will issue up to 11,764,705 units at $0.085 per unit, each consisting of one common share and one warrant. Warrants allow holders to purchase an additional share at $0.15 for 2 years, with an acceleration option. The first closing has been completed, raising $115,350 from 1,357,061 units. Proceeds will be used for working capital and the acquisition of Agape Luxury Goods Inc. Qualified finders may receive up to 8% in cash and warrants.
Cypher Metaverse Inc. (CSE:CODE) ha annunciato un collocamento privato non intermediare per raccogliere fino a $1.000.000. L'azienda emetterà fino a 11.764.705 unità a $0,085 per unità, ciascuna composta da un'azione comune e un warrant. I warrant consentono ai titolari di acquistare un'azione aggiuntiva a $0,15 per 2 anni, con un'opzione di accelerazione. La prima chiusura è stata completata, raccogliendo $115.350 da 1.357.061 unità. I proventi saranno utilizzati per capitale circolante e l'acquisizione di Agape Luxury Goods Inc. I finders qualificati possono ricevere fino a l'8% in contanti e warrant.
Cypher Metaverse Inc. (CSE:CODE) ha anunciado una colocación privada no intermediada para recaudar hasta $1,000,000. La empresa emitirá hasta 11,764,705 unidades a $0.085 por unidad, cada una compuesta por una acción común y un warrant. Los warrants permiten a los titulares comprar una acción adicional a $0.15 durante 2 años, con una opción de aceleración. Se ha completado el primer cierre, recaudando $115,350 de 1,357,061 unidades. Los ingresos se utilizarán para capital de trabajo y la adquisición de Agape Luxury Goods Inc. Los buscadores calificados pueden recibir hasta un 8% en efectivo y warrants.
Cypher Metaverse Inc. (CSE:CODE)는 최대 $1,000,000를 모금하기 위한 비중개 사모펀드를 발표했습니다. 회사는 11,764,705 단위를 $0.085 단위당 발행할 예정이며, 각 단위는 보통주 1주와 워런트 1개로 구성됩니다. 워런트는 보유자가 $0.15로 2년 동안 추가 주식을 구매할 수 있게 합니다. 첫 번째 종료가 완료되어 $115,350를 1,357,061 단위에서 모금했습니다. 자금은 운영 자본 및 Agape Luxury Goods Inc.의 인수에 사용됩니다. 자격 있는 발굴자는 최대 8%의 현금과 워런트를 받을 수 있습니다.
Cypher Metaverse Inc. (CSE:CODE) a annoncé un placement privé sans intermédiaire pour lever jusqu'à $1.000.000. La société émettra jusqu'à 11.764.705 unités à $0,085 par unité, chacune comprenant une action ordinaire et un bon de souscription. Les bons de souscription permettent aux détenteurs d'acheter une action supplémentaire à $0,15 pendant 2 ans, avec une option d'accélération. La première clôture a été complétée, levant $115.350 à partir de 1.357.061 unités. Les fonds seront utilisés pour le fonds de roulement et l'acquisition d'Agape Luxury Goods Inc. Les apporteurs d'affaires qualifiés peuvent recevoir jusqu'à 8% en espèces et en bons de souscription.
Cypher Metaverse Inc. (CSE:CODE) hat eine nicht vermittelte Privatplatzierung zur Beschaffung von bis zu $1.000.000 angekündigt. Das Unternehmen wird bis zu 11.764.705 Einheiten zu $0,085 pro Einheit ausgeben, die jeweils aus einer Stammaktie und einem Warrant bestehen. Warrants ermöglichen es Inhabern, eine zusätzliche Aktie für $0,15 über 2 Jahre zu erwerben, mit einer Beschleunigungsoption. Der erste Abschluss wurde erfolgreich abgeschlossen und hat $115.350 aus 1.357.061 Einheiten gesammelt. Die Erlöse werden für Betriebsvermögen und die Übernahme von Agape Luxury Goods Inc verwendet. Qualifizierte Finder können bis zu 8% in bar und Warrants erhalten.
- Successful first closing of private placement raising $115,350
- Potential to raise up to $1,000,000 through the private placement
- Acquisition of Agape Luxury Goods Inc. to be financed with proceeds
- Potential dilution of existing shareholders due to new share issuance
- Warrants may lead to further dilution if exercised
VANCOUVER, BC / ACCESSWIRE / August 6, 2024 / Cypher Metaverse Inc. (CSE:CODE) ("CODE" or the "Company") is pleased to announce that it is undertaking a non-brokered private placement of up to
The Company has completed the first closing of the private placement. The Company accepted subscriptions for 1,357,061 units at a price of
The Company intends to use the net proceeds of the Offering for general working capital and to finance the acquisition of Agape Luxury Goods Inc., as previously announced.
The Company may pay qualified finders fees of up to
About Cypher Metaverse Inc.
Cypher Metaverse Inc. seeks early-stage investments in emerging technology sectors, including the blockchain ecosystem, fintech and the metaverse. The Company identifies such opportunities and applies its relationships and capital to advance its interests.
The Company's head office is located at 1780-355 Burrard Street, Vancouver, BC, V6C 2C8. The common shares of CODE ("CODE Common Shares") are currently listed on the CSE and CODE is a reporting issuer in the provinces of British Columbia, Alberta and Ontario.
For further information please contact:
Cypher Metaverse Inc.
Brian Keane - Director
Phone: Toll-Free (877) 806-CODE (2633) or 1 (778) 806-5150
Neither the CSE nor its Regulation Services Provider (as that term is defined in policies of the CSE) accepts responsibility for the adequacy or accuracy of this press release.
SOURCE: Cypher Metaverse Inc.
View the original press release on accesswire.com
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