Metavista3D Announces Closing of Business Combination Agreement and Financing

Not for distribution to United States news wire services or for dissemination in the United States.

VANCOUVER, BC / ACCESSWIRE / July 29, 2024 / Metavista3D Inc. (formerly 1344340 B.C. Ltd.) ("Metavista3D" or the "Company") announces that further to its press release of July 12, 2024 it has closed a business combination agreement (the "BCA") among the Company and 1448125 B.C. Ltd. ("Finco").

Pursuant to the BCA, Finco and a wholly owned subsidiary of the Company were amalgamated under the Business Corporations Act (British Columbia) pursuant to which all Finco shareholders exchanged their Finco Shares held for Company, on a one-for-one basis. Finco, prior to closing of the BCA, Finco completed a non-brokered private placement of 1,260,063 common shares in the capital of Finco (the "Finco Shares") at a price of $0.45 per Finco Share for aggregate gross proceeds to Finco of up to CAD$567,028.35 (the "Finco Financing").

The securities offered in the Finco Financing have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Metavista3D Inc.

Metavista3D Inc. is a reporting issuer in British Columbia and Alberta that is seeking to develop or acquire viable commercial assets in the technology sector.

For further information, please contact:

Brendan Purdy

Legal Counsel
Phone: 416-276-4581
Email: brendan@fishpurdy.com

Notice Regarding Forward-Looking Information:

This news release contains forward-looking statements including but not limited to statements regarding the Company's business, assets or investments, as well other statements that are not historical facts. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, investor interest in the business and prospects of the Company.

The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities law. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made, by third parties in respect of the matters discussed above.

SOURCE: Metavista3D Inc.