Cypher Metaverse Announces Private Placements Totaling Up to $939,707.70

Cypher Metaverse Inc. has announced a non-brokered private placement LIFE financing. The company aims to issue up to 1,978,332 common shares at $0.475 per share, aspiring to raise aggregate gross proceeds of up to $939,707.70. The shares will be offered under the Listed Issuer Financing Exemption, allowing them to bypass hold periods under Canadian securities laws.

This initiative complements a concurrent private placement, with shares carrying a 4-month hold period. The combined financings are capped at $939,707.70. Proceeds are earmarked for working capital and general corporate purposes.

Additionally, Cypher announces the retirement of CFO Tatiana Kovaleva. Closing dates are anticipated around January 31, 2025, pending regulatory approvals.