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Cypher Metaverse loan for Agapi RTO increases to $950K

2024-01-30 16:27 ET - News Release

Mr. Brian Keane reports

CYPHER METAVERSE INC. UPDATE

Cypher Metaverse Inc. is continuing in assisting the financing for the acquisition of Agapi Luxury Brands Inc. The secured bridge loan entered between Cypher Metaverse and Agapi on May 10, 2023, has been increased from $600,000 to $950,000, of which $886,692 has been advanced to date to advance Agapi's business plan and growth initiatives.

Agapi continues to expand its sales of its luxury cigars. After receiving Cypher Metaverse shareholder approval for the acquisition of Agapi, Cypher Metaverse and Agapi are completing their current financials statements and listing statement, after which it is anticipated that the exchange will provide its final consent to closing.

About Cypher Metaverse Inc.

Cypher Metaverse seeks early-stage investments in emerging technology sectors, including the blockchain ecosystem, fintech and the metaverse. The company identifies such opportunities, and applies its relationships and capital to advance its interests.

The company's head office is located at 1780, 355 Burrard St., Vancouver, B.C., V6C 2C8, and its common shares are currently listed on the Canadian Securities Exchange. Cypher Metaverse is a reporting issuer in the provinces of British Columbia, Alberta and Ontario.

We seek Safe Harbor.

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