Cypher Metaverse Inc. Concludes Non-Brokered Private Placement

Vancouver-based Cypher Metaverse Inc. has announced the closing of a non-brokered private placement of 712,060 units at $0.33 per unit, resulting in gross proceeds of $234,979.80. The financing structure comprises one common share and one warrant per unit. Each warrant allows the holder to purchase an additional share for $0.45 within two years, with potential accelerated expiry if certain trading conditions are met.

Cypher incurred finder's fees amounting to $18,798.38 and issued 56,965 finder's warrants under similar terms as the regular warrants. The company plans to use net proceeds to advance its acquisition of Noninvasix, Inc. This placement awaits approval from the Canadian Securities Exchange and is subject to a four-month holding period.