Metasphere Labs Concludes Private Placement, Raises $600,000
Vancouver, British Columbia — January 29, 2026 — Leads & Copy — Metasphere Labs Inc. has announced the closing of its previously announced non-brokered private placement.
The offering consisted of 12,000,000 units in the company’s capital, issued at $0.05 per unit, for aggregate proceeds of $600,000. Each unit comprises one common share and one transferable common share purchase warrant. Each warrant allows the holder to acquire one additional common share at $0.06 for four years from the closing date.
The net proceeds from the offering will be used for general working capital and corporate purposes.
All securities issued are subject to a statutory hold period of four months and one day, in accordance with Canadian securities laws. No finder fees were paid.
The company relied on the exemption set out in Section 4.6(2)(b) of CSE Policy 4 regarding shareholder approval, as the offering resulted in the issuance of more than 100% of the company’s outstanding common shares on a fully diluted basis. The CSE granted this exemption because (i) the company is in financial hardship; (ii) the company had reached an agreement to complete the offering; (iii) no related persons participated; and (iv) the offering has been approved by a majority of the company’s independent directors.
The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. persons absent registration or an available exemption. This release is not an offer for sale of securities, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus.
Metasphere Labs Inc. specializes in integrating blockchain technology into real-world applications, with a focus on environmental sustainability and social impact.
This news release contains forward-looking statements regarding the intended use of proceeds, the company’s business plans and strategy, and expectations regarding its future operations and financial condition. These statements are subject to risks and uncertainties. Actual results may differ materially from those anticipated due to a variety of factors, including risks described in the company’s continuous disclosure filings available on SEDAR+.
The company does not assume any liability for disclosure relating to any other company mentioned herein.
Source: Metasphere Labs Inc.
Share this story:
