Cypher Metaverse Inc. Announces Second Closing of Financing
Cypher Metaverse Inc. (CSE:CODE) has completed the second closing of its private placement, raising $50,975 by issuing 599,706 units at $0.085 per unit. Each unit includes one common share and one warrant, exercisable at $0.15 for two years. The company paid $1,253.75 in finder's fees.
Securities from this tranche have trading restrictions until January 19, 2025. Proceeds will be used for general working capital and to finance the acquisition of Agape Luxury Brands Inc. Additionally, Harrison Ross has resigned as a Director, with Michael Hopkinson appointed to the Board effective August 16, 2024.
Cypher Metaverse Inc. (CSE:CODE) ha completato la seconda chiusura della sua offerta privata, raccogliendo $50.975 tramite l'emissione di 599.706 unità a $0,085 per unità. Ogni unità comprende un'azione comune e un warrant, esercitabile a $0,15 per due anni. La società ha pagato $1.253,75 in commissioni per il finder.
I titoli di questa tranche hanno restrizioni di negoziazione fino al 19 gennaio 2025. I proventi saranno utilizzati per il capitale di lavoro generale e per finanziare l'acquisizione di Agape Luxury Brands Inc. Inoltre, Harrison Ross si è dimesso da Direttore, con Michael Hopkinson nominato nel Consiglio a partire dal 16 agosto 2024.
Cypher Metaverse Inc. (CSE:CODE) ha completado el segundo cierre de su colocación privada, recaudando $50,975 mediante la emisión de 599,706 unidades a $0.085 por unidad. Cada unidad incluye una acción común y una opción de compra, exigible a $0.15 durante dos años. La compañía pagó $1,253.75 en comisiones al buscador.
Los valores de este tramo tienen restricciones de negociación hasta el 19 de enero de 2025. Los fondos se utilizarán para el capital de trabajo general y para financiar la adquisición de Agape Luxury Brands Inc. Además, Harrison Ross ha renunciado como Director, con Michael Hopkinson nombrado en la Junta a partir del 16 de agosto de 2024.
Cypher Metaverse Inc. (CSE:CODE)는 두 번째 프라이빗 플레이스먼트 마감을 완료하고 $50,975를 모금하여 599,706개 유닛을 각각 $0.085에 발행했습니다. 각 유닛은 하나의 보통주와 두 년 동안 $0.15에 행사할 수 있는 워런트를 포함합니다. 회사는 발견자 수수료로 $1,253.75를 지급했습니다.
이번 분기의 증권은 2025년 1월 19일까지 거래 제한이 있습니다. 수익금은 일반 운영 자본과 Agape Luxury Brands Inc.의 인수 자금을 조달하는 데 사용될 것입니다. 또한, Harrison Ross가 이사직에서 사임했으며, Michael Hopkinson가 2024년 8월 16일부로 이사회에 임명되었습니다.
Cypher Metaverse Inc. (CSE:CODE) a complété la deuxième clôture de son placement privé, levant $50,975 en émettant 599,706 unités à $0,085 par unité. Chaque unité comprend une action ordinaire et un bon de souscription, exerçable à $0,15 pendant deux ans. La société a payé $1,253.75 en frais de recherche.
Les valeurs mobilières de cette tranche ont des restrictions de négociation jusqu'au 19 janvier 2025. Les fonds seront utilisés pour le fonds de roulement général et pour financer l'acquisition de Agape Luxury Brands Inc. De plus, Harrison Ross a démissionné de son poste de directeur, avec Michael Hopkinson nommé au conseil d'administration à compter du 16 août 2024.
Cypher Metaverse Inc. (CSE:CODE) hat den zweiten Abschluss seiner Privatplatzierung abgeschlossen und $50.975 durch die Ausgabe von 599.706 Einheiten zu jeweils $0,085 pro Einheit gesammelt. Jede Einheit besteht aus einer Stammaktie und einem Warrant, der für zwei Jahre zu $0,15 ausgeübt werden kann. Das Unternehmen hat $1.253,75 als Findergebühr gezahlt.
Wertpapiere dieser Tranche unterliegen bis zum 19. Januar 2025 Handelsbeschränkungen. Die Mittel werden zur allgemeinen Betriebskapitalfinanzierung und zur Finanzierung der Übernahme von Agape Luxury Brands Inc. verwendet. Darüber hinaus hat Harrison Ross als Direktor zurückgetreten, und Michael Hopkinson wurde mit Wirkung vom 16. August 2024 in den Vorstand berufen.
- Raised $50,975 through private placement
- Warrants provide potential for additional future funding at $0.15 per share
- Proceeds to be used for working capital and acquisition financing
- Small amount of capital raised ($50,975) may not be sufficient for long-term needs
- Potential dilution for existing shareholders due to new share issuance
- Trading restrictions on new securities until January 19, 2025
VANCOUVER, BC / ACCESSWIRE / September 19, 2024 / Cypher Metaverse Inc. (CSE:CODE) ("CODE" or the "Company") is pleased to announce that it has completed the second closing of its previously announced private placement. The Company accepted subscriptions for 599,706 units at a price of
Each unit consists of one common share and one common share warrant. Each warrant entitles the holder to subscribe for one additional common share for
Securities issued pursuant to this tranche are subject to trading restrictions until January 19, 2025.
The Company intends to use the net proceeds of the Offering for general working capital and to finance the acquisition of Agape Luxury Brands Inc., as previously announced.
The Company also announced that Harrison Ross has resigned as a Director of the Corporation. Michael Hopkinson has been appointed to the Board effecitive August 16, 2024.
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
Forward-Looking Statement Disclaimer
Certain statements contained in this release may constitute "forward-looking statements" or "forward-looking information" (collectively "forward-looking information") as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words "could," "intend," "expect," "believe," "will," "projected," "estimated", "anticipates" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the Property, financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Certain statements contained in this release may constitute "forward-looking statements" or "forward-looking information" (collectively "forward-looking information") as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated", "anticipates" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the RN Property, the Acquirors and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.
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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