Metaworld Announces Closing Of Private Placement

Toronto, ON – July 26, 2022 – MetaWorld Corporation (“MWC” or the “Company”), a Canadian-based, Web 3.0 technology company with the mission of developing, operating and commercializing Metaverse technology assets is pleased to announce that it has closed its non-brokered private placement through the issuance of 6,301,667 common shares in the capital of the Company (“Common Shares”) at a price of $0.15 per Common Share for gross proceeds of $945,250.00 (the “Offering”). The proceeds of the Offering will be used for general working capital purposes.  All securities issued in connection with the Offering will be subject to an indefinite hold period in accordance with applicable securities legislation.

 

About MetaWorld Corporation

MetaWorld Corporation is a Canadian-based, Web 3.0 technology company with the mission of developing, operating and commercializing Metaverse technology assets globally.  As an early mover in the Web 3.0 eco-system, MWC has developed proprietary metaverse technology to offer avatars and wearables.  The Company owns the Faceless Avatars platform which is one of the first avatar collectibles available in the Metaverse eco-system which are inter-operable across multiple platforms.  MetaWorld’s executive team and Board of Directors have extensive experience and a proven track record in disruptive technology development and commercialization.

For more information, visit: www.metaworldcorp.com

 

For further information:

Jason Monaco, Telephone: (416) 566-8894
Email: jmonaco@firstcanadiancapital.com

For media relations / management interview requests: Mr. Nelson Hudes, Hudes Communications International, Telephone: (905) 660-9155, Email: nelson@hudescommunications.com

 

Notice Regarding Forward Looking Information

Certain information set forth in this news release may contain forward-looking information that involves substantial known and unknown risks and uncertainties. This forward-looking information is subject to numerous risks and uncertainties, certain of which are beyond the control of the Company. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward looking information. The parties undertake no obligation to update forward-looking information except as otherwise may be required by applicable securities law.