VANCOUVER, BC / ACCESSWIRE / October 9, 2024 / Cypher Metaverse Inc. ("Cypher" or the "Company") (CSE:CODE)(FSE:C5B)(OTCQB:BKLLF) announces it has completed its previously announced non-brokered private placement (the "Financing"). The Company raised proceeds on this final tranche of $5,100 through the sale of 60,000 Units.
The Company raised a total of $159,525.20, and issued a total of 1,876,767 Units pursuant to the Financing. Each unit consists of one common share and one common share purchase warrant at $0.
085. Each warrant entitles the holder to purchase one additional common share at $0.15 for a period of two years from the date of closing, subject to the option of the Company to accelerate the expiry date in the event that its shares trade at $0.
20 or more for 10 consecutive days. Securities issued as a result of closing of this final tranche will be subject to a statutory hold period until February 10, 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. 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. For further information, please contact: Tatiana Kovaleva Corporate Communications Telephone: Toll-Free (877) 8.
