Metaguest.AI Announces Final Closing Under $1,000,000 Secured Loan Facility

Executive Summary

• Metaguest.AI completed the final closing of its $1 M secured loan facility, adding $34,000 in gross proceeds and bringing total funds raised to $451,000.
• The loan carries 12% annual interest plus a 12% advance fee, satisfied by issuing 40,800 Class A Common Shares at a deemed price of $0.10 per share.
• The facility has a 12‑month term (extendable an additional six months) and is secured by a general security agreement over the company’s assets.

Key Details

• Facility Size: Up to $1,000,000; total drawn to date $451,000 after this closing.
• Proceeds from Final Closing: $34,000 gross cash proceeds.
• Interest Rate: 12% per annum on each loan under the facility.
• Loan Advance Fee: 12% of the loan amount, payable in Class A Common Shares at a deemed price of $0.10/share.
• Shares Issued for Fee (this closing): 40,800 Class A Common Shares.
• Security: General security agreement over all company assets; rank pari passu with existing secured obligations.
• Term: 12 months, with an optional six‑month extension at Metaguest’s discretion.
• Purpose: Supports ongoing operations and product deployment across the AI-driven hospitality platform.

Notable Quotes

“This final closing allows us to conclude our 2025 secured financing program and move forward with clarity into our next operating phase,” – Colin Keddy, Director, Metaguest.AI.