Cypher Metaverse Inc. Announces Closing of Financing

Cypher Metaverse Inc. Announces Closing of Financing

Cypher Metaverse Inc. formerly Codebase Ventures 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 $178,500 through the sale of 2,550,000 Units. The Company paid finders fees to qualified finders of $14,280 and issued 204,000 broker warrants, which are on the same terms as the warrants forming part of the units

The Company raised a total of $1,102,499.95. A total of 15,749,999 Units and 649,714 broker warrants were issued pursuant to the Financing.

Each unit consists of one common share and one common share purchase warrant at $0.07. Each warrant entitles the holder to purchase one additional common share at $0.09 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 $0.15 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 July 22, 2022.

The net proceeds of the Financing will be used for working capital and for future investments.

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. www.cypher-meta.com

For further information, please contact:

George Tsafalas - Ivy Lu
Corporate Communications
Telephone: Toll-Free (877) 806-CODE (2633) or 1 (778) 806-5150
E-mail: INFO@cypher-meta.com

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

Forward Looking Statements

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates", "may" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions, risks relating to epidemics or pandemics such as COVID-19, including the impact of COVID-19 on the Company's business, financial condition and results of operations, lack of investor demand for Bitcoin and/or Bitcoin futures exchange traded funds, and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.

SOURCE: Cypher Metaverse Inc.



View source version on accesswire.com:
https://www.accesswire.com/694253/Cypher-Metaverse-Inc-Announces-Closing-of-Financing

News Provided by ACCESSWIRE via QuoteMedia

From Your Site Articles
CODE:CC
The Conversation (0)
Cypher Metaverse Inc. Announces Debt Settlements

Cypher Metaverse Inc. Announces Debt Settlements

Cypher Metaverse Inc. (CSE:CODE) ("CODE" or the "Company") announces today that it has entered into settlement agreements that will see $149,215 of debt settled by the issuance of 1,755,470 shares at a deemed price of $0.085, and the Company's balance sheet much improved

No finders fees will be paid. The securities issued will be subject to a four-month and one-day hold period from closing.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Cypher Metaverse Inc. Update

Cypher Metaverse Inc. Update

Cypher Metaverse Inc. (CSE:CODE) ("CODE" or the "Company") is pleased to announce that it is continuing in assisting the financing for the acquisition of Agapi Luxury Brands Inc. ("Agapi"). The secured bridge loan entered between CODE and Agapi on May 10, 2023, has been increased from $600,000 to $950,000 of which $886,692 has been advanced to date to advance Agapi's business plan and growth initiatives

Agapi continues to expand its sales of its luxury cigars. After receiving Cypher shareholder approval for the acquisition of Agapi, Cypher and Agapi are completing their current financials statements and listing statement, after which it is anticipated that the exchange will provide their final consent to closing.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Cypher Metaverse Inc. Closes Private Placement

Cypher Metaverse Inc. Closes Private Placement

Cypher Metaverse Inc. (CSE:CODE) ("CODE" or the "Company") is please to announce that it has closed its previously announced non-brokered private placement of 2,325,000 units ("Units") at a price of $0.12 per Unit for aggregate gross proceeds of $279,000 (the "Financing

Under the Financing, each Unit consists of one common share in the capital of the Company ("Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each whole Warrant entitles the holder thereof to subscribe for one additional Common Share at a price of $0.15 for a period of two years from the date of closing, subject to the Company's option to accelerate the expiry date if the stock trades at $0.20 for ten trading days.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Cypher Metaverse Inc. Announces Financing

Cypher Metaverse Inc. Announces Financing

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 $400,000. The Company will issue up to 3,333,333 units at a price of $0.12 per unit. Each unit consists of one common share and one half of a common share warrant. Each whole warrant entitles the holder to subscribe for one additional common share for $0.15 for a period of 2 years from the date of closing, subject to the Corporation's option to accelerate the expiry date if the stock trades at $0.20 for 10 trading days

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Cypher Metaverse Inc. Announces Next Steps in Proposed Business Combination With Agapi Luxury Brands Inc.

Cypher Metaverse Inc. Announces Next Steps in Proposed Business Combination With Agapi Luxury Brands Inc.

Not for distribution to U.S. Newswire Services or for dissemination in the United States of America. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.

Cypher Metaverse Inc. (CSE: CODE) ("CODE" or the "Company") is pleased to announce that it has entered into a binding definitive agreement ("Definitive Agreement") dated August 29, 2023, in respect to a business combination (the "Transaction") with Agapi Luxury Brands Inc. ("Agapi"). It is expected that upon completion of the Transaction, the combined entity (the "Resulting Issuer") will meet the listing requirements for an industrial issuer under the policies of the CSE Venture Exchange (the "CSE"). The CSE has conditionally accepted the Transaction, and the Company will hold a shareholder meeting on December 1, 2023 to give its shareholders the opportunity to consider the Transaction and approve the same

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
A variety of crypto coins.

Trump and FLOTUS Dive into Crypto With Meme Coins

Days after the release of $ TRUMP, US President Donald Trump's meme cryptocurrency, his wife First Lady Melania Trump has launched $MELANIA, her own digital token.

The back-to-back launches highlight growing political engagement with the cryptocurrency space, further fueled by Donald Trump’s evolving stance on digital assets.

Melania Trump announced her token, $MELANIA, via social media on Sunday (January 19), stating, “The Official Melania Meme is live! You can buy $MELANIA now.”

Keep reading...Show less
US flag with gold Bitcoin.

Tech 5: Trump to Prioritize Crypto, Biden Blocks AI Chip Exports

Tech stocks started this week in the red leading up to US President-elect Donald Trump’s inauguration.

However, a slew of economic data later boosted investor risk appetite, easing bond yields and driving investment in cryptocurrencies and the broader tech sector. The gains came as market participants priced in a greater than 50 percent chance of an interest rate cut of at least 25 basis points by June, according to LSEG data.

On Friday (January 17), Barclays’ (NYSE:BCS,LSE:BARC) analysts increased their price targets for NVIDIA (NASDAQ:NVDA) and Broadcom (NASDAQ:AVGO), driving gains for both stocks up by 3.1 and 3.5 percent, respectively, and pushing the Philadelphia Semiconductor Index (INDEXNASDAQ:SOX) up nearly 3 percent.

Keep reading...Show less
Bitcoins on top of US money.

5 US States Mulling Bitcoin Reserves as Trump Pushes for National Adoption

Bitcoin adoption is gaining traction as several US states propose measures to establish strategic reserves.

The trend stems from broader discussions spearheaded recently by incoming President Donald Trump and his allies, who are advocating for a federal plan to establish a strategic Bitcoin reserve.

The price of Bitcoin hit new all-time highs in 2024, sparking attention from state lawmakers interested in its potential to serve as a hedge against inflation and economic instability. Since Bitcoin surpassed the US$106,000 threshold in December, several states have put forth legislation to get exposure to the popular digital asset.

Keep reading...Show less
Crypto currencies.

Top 5 Most-popular Crypto Stories of 2024

The cryptocurrency world experienced a transformative year in 2024, marked by key events and trends that redefined the digital asset landscape.

From Bitcoin’s much-anticipated halving to the intersection of politics and blockchain, these stories have captured the attention of investors, institutions and regulators alike.

As the sector matured further, it became clear that cryptocurrencies are no longer a fringe phenomenon but a significant force in global finance.

As the year closes, we're taking a look back at our most popular crypto news articles of 2024 that covered some of the year's biggest Bitcoin and Ether stories.

Keep reading...Show less
Bitcoin Well (TSXV:BTCW)

Bitcoin Well Announces Closing of $2 Million Private Placement Offering of Convertible Debenture Units with $900,000 of Insider

Bitcoin Well Inc. (" Bitcoin Well" or the "Company") (TSXV:BTCW; OTCQB:BCNWF), the non-custodial bitcoin business on a mission to enable independence, is pleased to announce it has closed its previously announced offering of 2,000 convertible debenture units of Bitcoin Well (the "Debenture Units") at a price of $1,000 per Debenture Unit for aggregate gross proceeds of $1,100,000 on a brokered basis (the "Brokered Offering") and $900,000 on a non-brokered basis (the "Non-Brokered Offering" and together with the Brokered Offering, the "Offering"). Each Debenture Unit consists of: (i) one 8% $1,000 principal amount unsecured convertible debenture (each, a "Debenture"); and (ii) 4,347 common share purchase warrants of the Company (each, a "Warrant").

Keep reading...Show less
Bitcoin and other cryptocurrencies.

Tech 5: Bitcoin Drops Below US$100,000, Micron Guidance Shakes Investors

Bitcoin surged early in the week before retracting below US$100,000, dampened by a hawkish rate cut from the US Federal Reserve that led to significant drops in both the crypto and stock markets.

Meanwhile, the Nasdaq-100 (INDEXNASDAQ:NDX) welcomed three new companies, and artificial intelligence leader NVIDIA (NASDAQ:NVDA) lost ground to networking giant Broadcom (NASDAQ:AVGO).

Find out what other key pieces of news made headlines in the tech space this week.

Keep reading...Show less

Latest Press Releases

Related News

×