Metavesco, Inc. announced that it has entered into a Note Purchase Agreement for a private placement of convertible promissory note for gross proceeds of $50,000 on August 12, 2022. The transaction included participation from Ryan Schadel, Chief Executive Officer, sole director and majority stockholder of the company. The note bears interest at the rate of 5% per annum and matures on August 12, 2023.

Any amount of principal or interest on the note which is not paid when due will bear interest at a rate of 12% per annum. The company may prepay all or any portion of the note at any time without penalty.