Toronto, Ontario--(Newsfile Corp. - December 19, 2024) - Metaguest.AI Incorporated (CSE: METG) ("Metaguest" or the "Company"), the leading innovator of AI-driven concierge services, has closed an unsecured loan financing in the amount of $245,000 (the "Loans") with numerous investors. The Loans bear an interest rate of 12% with 20% warrant coverage and have a maturity date of December 17, 2025. The Company has the right to extend the maturity date on the Loans an additional six months. In total, the Company issued 163,327 warrants which have an exercise price of $0.30 and a maturity date of June 17, 2026. Proceeds of the Loans will be used to finance the Company's marketing program as announced on November 26, 2024 and for working capital purposes.
For more information about Metaguest and its innovative digital concierge services, please visit http://www.metaguest.ai or please contact:
Antonio Comparelli, Chief Executive Officer
Email: investors@metaguest.ai
Tel: 416-720-8677
Chris Carmichael, Chief Financial Officer
Email: ccarmichael@metaguest.ai
Tel: 647-225-4337
About Metaguest.AI Incorporated
Metaguest.ai Incorporated is a cutting-edge technology company that develops advanced AI platforms for the hospitality industry designed to enhance the guest experience. Our flagship products are comprehensive solutions that addresses all aspects of the guest journey, from pre-arrival to post-departure. Features include on-property e-commerce with electronic payments, real-time in-room service management, mobile check-out, personalized in-room controls, local experience/event bookings, virtual personal concierge and more. Guests engage in over 16 languages, on any connected device and without the need to download an app or visit a web site. By leveraging the platforms, hotels, resorts and short-term rental property owners can improve their operational efficiency, personalize the guest experience, increase revenue and overall customer satisfaction.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/234455
SOURCE: Metaguest.AI Incorporated
