Metasphere Labs Announces a Non-Brokered Private Placement

Executive Summary

• Metasphere Labs Inc. announced a proposed non‑brokered private placement to raise up to $600,000 by issuing 12,000,000 Units at $0.05 per Unit.
• Each Unit consists of one common share and one transferable warrant allowing purchase of an additional share at $0.06 for four years.
• Net proceeds are earmarked for general working capital and corporate purposes; the offering is expected to close around January 23, 2026, subject to regulatory approvals.

Key Details

• Units Offered: Up to 12,000,000 Units @ $0.05 each → maximum gross proceeds of $600,000.
• Composition of Each Unit:
• 1 common share of Metasphere Labs Inc.
• 1 transferable common‑share purchase warrant (right to acquire one additional common share at $0.06 per share).
• Warrant Terms: Exercise price $0.06; exercisable for a period of four (4) years from the closing date.
• Use of Proceeds: General working capital and other general corporate purposes.
• Expected Closing Date: On or about January 23, 2026 (or another date as determined by the Company).
• Regulatory Conditions: Subject to receipt of all required approvals, including acceptance by the Canadian Securities Exchange (CSE).
• Statutory Hold Period: All securities issued will be subject to a hold period of four months and one day from the applicable closing date under Canadian securities law.
• Exemption Relied Upon: Section 4.6(2)(b) of CSE Policy 4 – Corporate Governance, Security Holder Approvals and Miscellaneous Provisions (financial hardship exemption).
• Board Approval: Offering approved by a majority of independent directors; no related‑person participation; no finder fees will be paid.

Notable Quotes

(No direct quotes were provided in the release.)