Predictiv AI Closes Private Placement Financing and Shares for Debt Transaction

Predictiv AI Inc. (TSXV:PAI.H) has successfully completed its non-brokered private placement of 10,000,000 units at a price of $0.02 per unit, raising $200,000 in gross proceeds. Each unit includes one common share and one common share purchase warrant, exercisable at $0.05 per share for 24 months. If the average price of common shares reaches $0.10 for 10 consecutive trading days, the company may accelerate the warrant expiry date with a 30-day notice. All securities issued are subject to a four-month statutory hold period.

In addition, the company has finalized a debt settlement with creditors, issuing 25,000,000 common shares at $0.02 per share to settle $500,000 of accrued debt. This includes 10,593,619 shares issued to company officers, constituting a related party transaction under Multilateral Instrument 61-101. The company is exempt from certain requirements of MI 61-101 as the transaction value did not exceed 25% of the company’s market capitalization.