Metaguest Provides Update on Previously Announced Private Placement Financing

Rhea-AI Summary

Metaguest (CSE: METG, OTC: MGSTF) updated its non-brokered private placement financing, originally announced May 5, 2026.

The Offering comprises up to 30,000,000 units at $0.05 per unit, for maximum gross proceeds of $1,500,000, with attached warrants, and remains active subject to regulatory approval and market conditions.

AI-generated analysis. Not financial advice.

Positive

• Non-brokered private placement of up to 30,000,000 units
• Potential gross proceeds of up to $1,500,000 for corporate uses
• Warrants exercisable at $0.12 for 24 months may provide extra capital
• Proceeds earmarked for working capital, growth, debt repayment

Negative

• Up to 30,000,000 new units plus warrants imply notable dilution risk
• Completion of additional tranches depends on regulatory approval and market conditions

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Toronto, Ontario--(Newsfile Corp. - June 17, 2026) - Metaguest.AI Incorporated (CSE: METG) ("Metaguest" or the "Company") wishes to provide an update on its previously announced non-brokered private placement financing (the "Offering"), originally announced on May 5, 2026, and subsequently updated on May 25, 2026.

The Offering consists of up to 30,000,000 units (the "Units") at a price of $0.05 per Unit for aggregate gross proceeds of up to $1,500,000. Each Unit consists of one common share in the capital of the Company and three-eighths of one common share purchase warrant. Each whole warrant entitles the holder to acquire one additional common share of the Company at a price of $0.12 per share for a period of twenty-four months from the date of issuance.

The Company previously completed an initial tranche of the Offering and continues discussions with prospective investors regarding participation in future tranches. The Offering remains active and the Company intends to continue pursuing subscriptions and completing additional closings, subject to regulatory approval and market conditions.

Proceeds from the Offering are intended to be used for working capital, growth initiatives, debt repayment and general corporate purposes.

Colin Keddy, Director of Metaguest, commented, "We remain focused on advancing the Offering and continuing discussions with prospective investors. We appreciate the interest shown in the Company and look forward to providing additional updates as the Offering progresses."

The Company will provide further updates regarding the Offering as material developments occur.

About Metaguest.AI Incorporated

Metaguest.AI is a next-generation technology company focused on enhancing the guest experience through advanced AI solutions. Its flagship platform provides an end-to-end guest engagement ecosystem, covering everything from pre-arrival to post-departure. Features include on-property e-commerce with digital payments, real-time service requests, mobile check-out, personalized in-room controls, local experience and event bookings, and a multilingual virtual concierge-all accessible without downloading an app or visiting a website. Hotels, resorts, and short-term rental operators use Metaguest to boost efficiency, drive incremental revenue, and elevate customer satisfaction.

For more information about Metaguest and its innovative digital concierge services or interest in investing, please visit http://www.metaguest.ai or please contact:

Colin Keddy, Director
Email: colin@metaguest.ai
Tel: 613-907-9159

Robert Lelovic, Chief Financial Officer
Email: robert@metaguest.ai
Tel: 416-302-0779

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/301873

FAQ

What private placement financing did Metaguest (MGSTF) update on June 17, 2026?

Metaguest updated its ongoing non-brokered private placement of up to 30,000,000 units at $0.05 per unit. According to Metaguest, the financing was first announced May 5, 2026 and remains active, with additional closings planned subject to approvals and market conditions.

How much could Metaguest (MGSTF) raise from its current private placement?

Metaguest could raise up to $1,500,000 in gross proceeds from the Offering. According to Metaguest, the financing involves up to 30,000,000 units priced at $0.05 each, combining common shares with attached warrants exercisable over a twenty-four-month period.

What are the terms of the Metaguest (MGSTF) warrants in the June 2026 financing?

Each unit includes three-eighths of a common share purchase warrant, with each whole warrant exercisable at $0.12. According to Metaguest, warrants allow holders to buy additional common shares for twenty-four months from issuance, potentially providing future capital inflows.

How will Metaguest (MGSTF) use proceeds from its private placement Offering?

Metaguest plans to use the proceeds for working capital, growth initiatives, debt repayment, and general corporate purposes. According to Metaguest, the non-brokered Offering is designed to support ongoing operations and future expansion while improving the company’s balance sheet flexibility.

Has Metaguest (MGSTF) closed any tranches of the June 2026 private placement?

Metaguest has completed an initial tranche and is discussing participation in future tranches with investors. According to Metaguest, the Offering remains active, and the company intends to continue pursuing subscriptions and additional closings as conditions and regulatory approvals allow.

What risks does the Metaguest (MGSTF) private placement pose for existing shareholders?

The Offering could result in significant share dilution if all units and warrants are issued and exercised. According to Metaguest, up to 30,000,000 units plus attached warrants are being offered, and completion of further tranches depends on regulatory approval and market conditions.