Cypher Metaverse Inc. Announces $250,000 Private Placement for Expansion

Cypher Metaverse Inc., a company listed on the CSE under the symbol CODE.X, has announced a non-brokered private placement seeking to raise $250,000. The offering involves units priced at $0.32 each, where each unit comprises one common share and one common share warrant. These warrants allow holders to acquire an additional share at $0.40 within two years, contingent on certain trading conditions.

The company plans to utilize the net proceeds from this placement for general working capital and potential acquisitions. The offering requires approval from the CSE, and eligible finders may receive up to 8% in cash and broker's warrants as fees.

Cypher Metaverse Inc. focuses on early-stage digital investments, including blockchain initiatives and NFT-based gaming experiences, leveraging strategic partnerships to foster innovation. The cautious outlook is reiterated, emphasizing the inherent uncertainties in digital finance and regulatory environments.