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     101  0 Kommentare Stock Trend Capital Provides Update on its Investment in Syntheia

    Closing of Metaworld Corporation's (dba Syntheia) Brokered Private PlacementVANCOUVER, BC / ACCESSWIRE / May 21, 2024 / Stock Trend Capital Inc. (CSE:PUMP)(FRA:P0G)(OTC PINK:STOCF) (the "Company" or "Stock Trend") is pleased to provide an update on …

    Closing of Metaworld Corporation's (dba Syntheia) Brokered Private Placement

    VANCOUVER, BC / ACCESSWIRE / May 21, 2024 / Stock Trend Capital Inc. (CSE:PUMP)(FRA:P0G)(OTC PINK:STOCF) (the "Company" or "Stock Trend") is pleased to provide an update on its investment in Metaworld Corporation (dba Syntheia) ("Syntheia"), a Canadian-based AI technology company operating, developing, and commercializing conversational AI technology.

    On May 16, 2024, a news release was issued announcing the closing of Syntheia's brokered private placement offering of subscription receipts (the "Subscription Receipts") through the issuance of 8,144,199 Subscription Receipts for gross proceeds of $2,850,469.65 (the "Financing"). The May 16th, 2024, press release is referenced below in its entirety.

    Additional Information - News Release

    131 Announces Closing of Private Placement of 8,144,199 Subscription Receipts in Syntheia

    May 16, 2024 - Toronto, Ontario - 1319472 B.C. Ltd. ("131") is pleased to announce, further to its press release dated April 12, 2024, the closing of Metaworld Corporation's (dba Syntheia) ("Syntheia") brokered private placement offering of subscription receipts (the "Subscription Receipts") through the issuance of 8,144,199 Subscription Receipts for gross proceeds of $2,850,469.65 (the "Financing"). Syntheia may close a second tranche of the Financing in the upcoming weeks.

    The Financing was carried out in connection with the proposed reverse takeover of 131 by Syntheia by way of amalgamation (the "Proposed Transaction") pursuant to the terms of an amended and restated letter agreement (the "Amended Letter Agreement") dated April 10, 2024. The resulting issuer from the Proposed Transaction (the "Resulting Issuer") will continue to operate the business of Syntheia. 131 has applied to list the Resulting Issuer's common shares on Cboe Canada Inc. (the "Exchange") and, if and upon the satisfaction of the Exchange's initial listing requirements, the common shares of the Resulting Issuer are expected to begin trading on the Exchange following the closing of the Proposed Transaction.

    Assuming the closing of the Proposed Transaction and completion of the listing on the Exchange, the net proceeds from the Financing will be used by the Resulting Issuer for operational expansion, business development and working capital purposes.

    Pursuant to the Financing, Syntheia, First Republic Capital Corporation and 131 entered into a subscription receipt agreement (the "Subscription Receipt Agreement") dated May 16, 2024 with Endeavor Trust Corporation as subscription receipt agent (the "Subscription Receipt Agent").

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    Stock Trend Capital Provides Update on its Investment in Syntheia Closing of Metaworld Corporation's (dba Syntheia) Brokered Private PlacementVANCOUVER, BC / ACCESSWIRE / May 21, 2024 / Stock Trend Capital Inc. (CSE:PUMP)(FRA:P0G)(OTC PINK:STOCF) (the "Company" or "Stock Trend") is pleased to provide an update on …

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