Metamaterial Inc.: Metamaterial Eliminates $261.7 Thousand in Debt HALIFAX, NS / ACCESSWIRE / March 12, 2021 / Metamaterial Inc. (the "Company" or "META") (CSE:MMAT) a developer of high-performance functional materials and nanocomposites, today announced that Fundo Capital de Risco Empreender Mais - Caixa Capital ("Caixa") purchased 67,597 shares of the common stock of the Company for a price per share of $3.87. Caixa, a long-time creditor of META was owed a total of $261,735 by the Company and this obligation was extinguished in exchange for the issued shares. The purchase price was at a premium to the closing price of META shares on the CSE at the close on March 11, 2021.