Cypher Metaverse Inc. Announces Debt Settlement

Cypher Metaverse Inc. (CSE:CODE), based in Vancouver, has reached agreements to settle its debts by issuing 543,079 common shares at a price of $0.70 each. This amounts to a total of $380,155.54. The issuance is subject to a four-month holding period and awaits exchange approval.

Out of the total, 107,057 shares are allocated to related parties involving three directors and officers. This transaction is categorized as a related party transaction. The Company invokes exemptions from MI 61-101, as the share issuance represents less than 25% of its market capitalization.

By leveraging strategic relationships, Cypher Metaverse Inc. invests in early-stage digital opportunities, fostering innovation and growth in the industry.