AI/ML Innovations Inc. Raises Private Placement Offering

AI/ML Innovations Inc., based in Victoria, BC, has announced an increase in its proposed non-brokered private placement offering, following exchange approval. The offering has been expanded from 20,000,000 to 40,000,000 units. Priced at $0.065 per unit, this could result in gross proceeds up to $2,600,000. Each unit includes one common share and one warrant, exercisable into a common share at $0.15 for two years. The warrants are subject to earlier expiry if shares trade at $0.25 over a 10-day period.

The company has secured a 30-day extension to close the placement by November 25, 2024. Funds raised will support general working capital needs. AI/ML Innovations trades on the Canadian Securities Exchange under "AIML", on the OTCQB under "AIMLF", and on the Frankfurt Stock Exchange under "42FB".