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Looking Glass Labs Ltd. ( (TSE:LABZ) ) has shared an announcement.
Metasphere Labs Inc. has closed a non-brokered private placement of 12 million units at $0.05 per unit, raising gross proceeds of $600,000, with each unit consisting of one common share and one warrant exercisable at $0.06 for four years. The financing, conducted under a Canadian Securities Exchange financial hardship exemption and approved by a majority of independent directors with no participation from related parties, provides the company with working capital and general corporate funding, highlighting both its constrained financial position and its efforts to stabilize operations while pursuing its blockchain-based sustainability and social-impact initiatives.
More about Looking Glass Labs Ltd.
Metasphere Labs Inc. operates in the blockchain technology sector, focusing on integrating blockchain into real-world applications with an emphasis on environmental sustainability and social impact.
Average Trading Volume: 33,493
Technical Sentiment Signal: Sell
Current Market Cap: C$1.82M
Find detailed analytics on LABZ stock on TipRanks’ Stock Analysis page.