Stock Trend Capital Updates on Syntheia Investment

VANCOUVER, BC / ACCESSWIRE / May 21, 2024 — Stock Trend Capital Inc. (CSE:PUMP) (FRA:P0G) (OTC PINK:STOCF) has provided an update on its investment in Metaworld Corporation, operating as Syntheia, a Canadian AI technology firm. Syntheia recently completed a brokered private placement offering, issuing 8,144,199 subscription receipts for gross proceeds of $2,850,469.65.

The financing supports a proposed reverse takeover of 1319472 B.C. Ltd. by Syntheia, enabling the continued operation of Syntheia’s business. The resulting issuer’s shares are expected to list on Cboe Canada Inc. upon meeting the exchange's initial listing requirements.

Proceeds from the financing will be used for operational expansion and business development. The financing was brokered by First Republic Capital Corporation and Hampton Securities Ltd. and involved issuing advisory and compensation warrants. Upon completing the proposed takeover, Syntheia's common shares and warrants will be exchanged on a 1:1 basis with the resulting issuer's shares and warrants.