Metasphere Labs Announces Non-Brokered Private Placement

About this update from Metasphere Labs Inc.

(TheNewswire)Vancouver, BC — TheNewswire — June 25, 2026 — Metasphere Labs Inc. CSE:LABZ (OTC Pink: LABZF) (FRA: H1N) ("Metasphere" or the "Company") is pleased to announce a non-brokered private placement (the “Offering”) of up to 3,571,429 units of the Company (each, a “Unit”) at a price of $0.14 per Unit, for gross proceeds of up to $500,000.Each Unit will consist of one common share of the Company (a “Common Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder to acquire one additional Common Share at a price of $0.175 per Common Share for a period of 48 months from the date of issuance.The net proceeds from the Offering will be used for general and administrative expenses and working capital.The Offering may close in one or more tranches and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including approval of the CSE. The Company may pay finder’s fees and/or issue finder’s warrants in connection with the Offering in accordance with applicable securities laws and CSE policies.All securities issued pursuant to the Offering will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable Canadian securities laws.This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful.The securities issued under the Offering have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, the securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful.Change of Corporate SecretaryThe Company also announces the appointment of Elijah Dumaresq as Corporate Secretary of the Company, effective June 18, 2026. This appointment follows Francis Rowe's resignation from the Corporate Secretary role; Mr. Rowe continu...

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