CYPHER METAVERSE INC - BKLLF STOCK NEWS

Cypher Metaverse Inc. (CSE:CODE, FSE:C5B, OTCQB:BKLLF) announced the cancellation of 1,287,500 stock options, including 377,500 allocated to insiders, as they were deemed ineffective in aligning interests with shareholders. This move reflects the Company's focus on optimizing its management strategy and enhancing shareholder value. Cypher continues to pursue early-stage investments in technology sectors such as blockchain and fintech. The company emphasizes its commitment to making prudent financial decisions to advance its interests effectively.

Cypher Metaverse Inc. (OTCQB: BKLLF) announced a consolidation of its common shares, with a ratio of ten pre-consolidation shares for one post-consolidation share. This was approved by the Board of Directors on December 8, 2022. Currently, there are 146,979,060 shares outstanding, which will be reduced to 14,697,906 shares post-consolidation. Additionally, options and warrants will also consolidate at a 10:1 ratio. The move aims to enhance financing flexibility and is subject to approval by the Canadian Securities Exchange.

Cypher Metaverse Inc. has announced a pivotal update regarding its subsidiary, Arcology, which has launched a new website aimed at engaging the developer community. This initiative follows Cypher's 30% ownership in Capital Blocktech Inc., the parent company of Arcology. The website highlights Arcology's strengths, current advancements, and technical documentation while enhancing its market presence among DApp developers, crypto investors, and enthusiasts. The project aims to demonstrate its capabilities and prepare for the upcoming public Testnet launch.

Cypher Metaverse Inc. (OTCQB:BKLLF) announced that Arcology has engaged Baker Tilly WM Advisory to assess its blockchain platform. This collaboration aims to enhance the network's roll-out and performance verification as it approaches the public Testnet release. Arcology, in which Cypher holds a 30% stake, seeks to leverage Baker Tilly’s expertise to optimize its strategic business decisions. Additionally, Cypher has contracted Red Cloud Securities Inc. for market liquidity services for six months at $5,000 CAD monthly.

Cypher Metaverse Inc. has successfully completed a non-brokered private placement, raising a total of $1,102,499.95. The final tranche brought in $178,500 through the sale of 2,550,000 Units, with finders fees amounting to $14,280. Each unit consists of one common share and one warrant priced at $0.07, and warrants can be exercised at $0.09 within two years. Proceeds will be allocated for working capital and future investments. The securities are under a statutory hold until July 22, 2022.

Cypher Metaverse Inc. has officially rebranded from Codebase Ventures Inc., reflecting its new investment thesis focused on DeFi and the Metaverse. This strategic shift emphasizes early-stage investments in blockchain technology, aiming to enhance participation in governance within DeFi protocols. The company is poised to leverage emerging opportunities in the metaverse, establishing exclusive rights to strategic assets. Trading symbol CSE: CODE remains unchanged, as Cypher aims to capitalize on the ongoing growth of decentralized finance and immersive digital environments.

Codebase Ventures Inc. (OTCQB: BKLLF) is unveiling its strategy for investing in the metaverse, focusing on acquiring assets such as underlying currencies and virtual property. Leveraging expert advice, the company aims to build a portfolio in the emerging metaverse market, estimated to reach USD 800 billion by 2024. Jake Chernoff, a technology advisor, emphasizes the transformative impact of the metaverse on communication and interaction, asserting that this industry is still in its early stages. The company believes that positioning itself within this sector will be crucial for future growth.

Codebase Ventures Inc. (OTCQB:BKLLF) has launched a new investment portfolio focused on the decentralized finance (DeFi) ecosystem. This initiative follows extensive research and planning with company advisors, positioning Codebase to profit from key DeFi investments while participating in governance decisions. The initial investments also include strategic assets in the metaverse. Codebase aims to leverage blockchain technology to create opportunities for previously underserved populations in finance, drawing parallels to the internet's transformative impact.

Codebase Ventures Inc. has successfully completed a first closing of a non-brokered private placement, raising $923,999.50 from the sale of 13,199,999 units at $0.07 per unit. Each unit includes one common share and a warrant to purchase an additional share at $0.09 for two years. The company intends to use the proceeds for working capital and future investments. This financing is subject to trading restrictions until June 24, 2022.