Metasphere Labs Announces a Non-Brokered Private Placement

Core Viewpoint - Metasphere Labs Inc. is proposing a non-brokered private placement to raise up to $600,000 through the issuance of Units, which will consist of common shares and warrants [1][2]. Group 1: Offering Details - The Company plans to issue up to 12,000,000 Units at a price of $0.05 per Unit, with each Unit comprising one common share and one warrant [2]. - Each warrant will allow the holder to purchase an additional common share at a price of $0.06 for four years from the closing date [2]. - The expected closing date for the Offering is around January 23, 2026, pending regulatory approvals [3]. Group 2: Use of Proceeds - Net proceeds from the Offering will be allocated for general working capital and corporate purposes [3]. Group 3: Regulatory and Compliance - All securities issued will be subject to a statutory hold period of four months and one day from the closing date, in accordance with Canadian securities laws [4]. - The Company will utilize an exemption from the requirement to obtain shareholder approval for issuing more than 100% of its issued share capital on a fully diluted basis due to financial hardship [5]. Group 4: Company Overview - Metasphere Labs Inc. focuses on integrating blockchain technology into real-world applications, emphasizing environmental sustainability and social impact [7].