Cypher Metaverse Inc announces non-brokered private placement of 3,333,333 units at an issue price of CAD 0.12 per unit for gross proceeds of CAD 400,000 on December 15, 2023. Each unit consists of one common share and one half of a common share warrant. Each whole warrant entitles the holder to subscribe for one additional common share for CAD 0.15 for a period of 2 years from the date of closing, subject to the Corporation?s option to accelerate the expiry date if the stock trades at CAD 0.20 for 10 trading days.

The company will pay qualified finders fees of up to 8% in cash and 8% in brokers warrants.