Agapi Luxury Brands Inc. announced that it will issue 7,500,000 common shares at a price of CAD 0.10 for the gross proceeds of CAD 750,000 on May 18, 2023. The transaction will include participation from new investor Cypher Metaverse Inc. The transaction is subject to customary closing conditions, including the satisfactory completion of due diligence, receipt of all required approvals and consents relating to the transaction, including without limitation any approvals of the shareholders of Cypher Metaverse and the compay as required by the CSE and under applicable corporate or securities laws and the CSE's approval for listing the shares of the resulting issuer. The ultimate structuring of the transaction is subject to receipt of tax, securities law and corporate law advice.