Metaguest.AI Incorporated (MGSTF) has provided an update on its previously announced $1,000,000 secured loan facility. The company has closed an initial tranche of $193,000, with the facility carrying a 12% annual interest rate and a 12% loan advance fee payable in Class A Common Shares at $0.10 per share. Each loan tranche has a 12-month term, extendable by six months. The company also amended its existing secured convertible loan, extending the maturity date and increasing the principal to $270,674. The loans are secured by a general security agreement over company assets and will be used for working capital. Metaguest continues to engage with investors for additional closings under the facility.
Metaguest.AI Incorporated (MGSTF) ha fornito un aggiornamento sulla sua precedente linea di credito garantita da 1.000.000 di dollari. La societ脿 ha chiuso una prima tranche di 193.000 dollari, con un tasso di interesse annuo del 12% e una commissione di anticipo prestito del 12%, pagabile in azioni ordinarie di Classe A al prezzo di 0,10 dollari per azione. Ogni tranche di prestito ha una durata di 12 mesi, prorogabile di ulteriori sei mesi. Inoltre, l'azienda ha modificato il suo prestito convertibile garantito esistente, estendendo la data di scadenza e aumentando il capitale a 270.674 dollari. I prestiti sono garantiti da un accordo di garanzia generale sugli asset aziendali e saranno utilizzati per il capitale circolante. Metaguest continua a interagire con gli investitori per ulteriori chiusure nell'ambito della linea di credito.
Metaguest.AI Incorporated (MGSTF) ha proporcionado una actualizaci贸n sobre su l铆nea de cr茅dito garantizada previamente anunciada de 1.000.000 de d贸lares. La compa帽铆a ha cerrado un tramo inicial de 193.000 d贸lares, con una tasa de inter茅s anual del 12% y una comisi贸n de adelanto del pr茅stamo del 12%, pagadera en acciones ordinarias Clase A a 0,10 d贸lares por acci贸n. Cada tramo del pr茅stamo tiene un plazo de 12 meses, ampliable por seis meses adicionales. La empresa tambi茅n modific贸 su pr茅stamo convertible garantizado existente, extendiendo la fecha de vencimiento y aumentando el principal a 270.674 d贸lares. Los pr茅stamos est谩n garantizados por un acuerdo general de garant铆a sobre los activos de la compa帽铆a y se utilizar谩n para capital de trabajo. Metaguest contin煤a negociando con inversores para cierres adicionales bajo esta l铆nea de cr茅dito.
Metaguest.AI Incorporated (MGSTF) a fourni une mise 脿 jour concernant sa facilit茅 de pr锚t garantie de 1 000 000 $ pr茅c茅demment annonc茅e. La soci茅t茅 a cl么tur茅 une premi猫re tranche de 193 000 $, avec un taux d'int茅r锚t annuel de 12 % et des frais d'avance de pr锚t de 12 %, payables en actions ordinaires de Classe A 脿 0,10 $ par action. Chaque tranche de pr锚t a une dur茅e de 12 mois, renouvelable de six mois. La soci茅t茅 a 茅galement modifi茅 son pr锚t convertible garanti existant, prolongeant la date d'茅ch茅ance et augmentant le principal 脿 270 674 $. Les pr锚ts sont garantis par une convention g茅n茅rale de s没ret茅 sur les actifs de l'entreprise et seront utilis茅s pour le fonds de roulement. Metaguest continue de collaborer avec les investisseurs pour d'autres cl么tures dans le cadre de cette facilit茅.
Metaguest.AI Incorporated (MGSTF) hat ein Update zu seiner zuvor angek眉ndigten gesicherten Kreditfazilit盲t in H枚he von 1.000.000 USD bereitgestellt. Das Unternehmen hat eine erste Tranche von 193.000 USD abgeschlossen, mit einem j盲hrlichen Zinssatz von 12 % und einer Vorf盲lligkeitsgeb眉hr von 12 %, zahlbar in Class A Stammaktien zu je 0,10 USD. Jede Kredittranche hat eine Laufzeit von 12 Monaten, verl盲ngerbar um sechs Monate. Zudem hat das Unternehmen seinen bestehenden gesicherten wandelbaren Kredit angepasst, die F盲lligkeit verl盲ngert und den Kapitalbetrag auf 270.674 USD erh枚ht. Die Kredite sind durch eine allgemeine Sicherheitsvereinbarung 眉ber Unternehmensverm枚gen besichert und werden f眉r das Betriebskapital verwendet. Metaguest steht weiterhin in Kontakt mit Investoren f眉r weitere Abschl眉sse im Rahmen der Fazilit盲t.
Positive
Initial tranche of $193,000 secured under the loan facility
Flexibility to extend loan terms by additional six months
Successful amendment of existing convertible loan terms
Negative
High interest rate of 12% plus 12% loan advance fee indicates expensive financing
Additional debt burden with $270,674 in existing secured convertible loan
Potential dilution from share-based loan advance fee payments
Toronto, Ontario--(Newsfile Corp. - June 23, 2025) - Metaguest.AI Incorporated (CSE: METG) (OTCQB: MGSTF) ("Metaguest" or the "Company"), the leading innovator of AI-driven concierge services, is pleased to reaffirm and provide an update on its previously announced secured loan facility of up to $1,000,000 (the "Facility").
To date, the Company has closed an initial tranche totaling $193,000 under the Facility, originally announced on May 9, 2025. The Facility bears interest at 12% per annum and includes a 12% loan advance fee, payable in Class A Common Shares of Metaguest at a deemed price of $0.10 per share. Each loan tranche is for a 12-month term and may be extended by the Company for an additional six months.
The Company is actively engaged with investors and expects to complete further closings under the Facility. The proceeds will be used for general working capital purposes.
The loans are secured by a general security agreement over the Company's assets and rank pari passu with the Company's existing secured convertible loan, which was amended on May 14, 2025, to extend the maturity date and increase the principal amount to $270,674.
For more information about the Facility, please contact:
For more information about Metaguest and its innovative digital concierge services, please visit or please contact:
Antonio Comparelli, Chief Executive Officer Email: [email protected] Tel: 416-720-8677
Robert Lelovic, Chief Financial Officer Email: [email protected] Tel: 416-302-0779
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
FAQ
What is the interest rate on Metaguest.AI's (MGSTF) new loan facility?
The loan facility bears a 12% annual interest rate plus a 12% loan advance fee payable in Class A Common Shares at $0.10 per share.
How much has Metaguest.AI (MGSTF) secured from its $1,000,000 loan facility?
Metaguest.AI has secured an initial tranche of $193,000 from the total $1,000,000 loan facility.
What is the term length for Metaguest.AI's (MGSTF) loan facility?
Each loan tranche has a 12-month term with an option to extend for an additional six months.
How will Metaguest.AI (MGSTF) use the loan facility proceeds?
The proceeds from the loan facility will be used for general working capital purposes.
What security has been provided for Metaguest.AI's (MGSTF) loan facility?
The loans are secured by a general security agreement over the company's assets and rank pari passu with existing secured convertible loan.
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