Genesis Ai Announces Exercise of Warrants

Rhea-AI Summary

Genesis Ai Corp. (CSE: AIG) (OTCQB: AIGFF) announces the receipt of $207,900 from exercised warrants issued in a previous private placement. The funds will be utilized for corporate development and general corporate and working capital purposes.

Kelowna, British Columbia--(Newsfile Corp. - November 15, 2023) - Genesis Ai Corp. (CSE: AIG) (OTCQB: AIGFF) the "Company") today announces that it has received total proceeds of $207,900 for exercised warrants that were issued pursuant to the private placement that closed in July of 2023.
The aggregate proceeds received from the exercise of the warrants will be used for corporate development and general corporate and working capital purposes.

About Genesis Ai Corp.
Genesis Ai is a proprietary generative AI (artificial intelligence) model in development, building digital twins for real-world natural resources applications. Digital twins can be manipulated and studied in computer generated worlds, with the influence of deep machine learning and neural networks, providing disruptive real-world problem solving.
Genesis Ai Corp. is pursuing opportunities in the precision geospatial, forestry analytics, and carbon sector through Ai.

ON BEHALF OF THE BOARD OF DIRECTORS

"Dev Randhawa"

President and Director

For further information, please contact:
Jamie Bannerman
Phone: 1-250-868-6553
info@genesisaicorp.com

The CSE does not accept responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/187596

FAQ

What is the purpose of the proceeds received by Genesis Ai Corp.?

The proceeds received from the exercised warrants will be used for corporate development and general corporate and working capital purposes.

When was the private placement closed?

The private placement closed in July of 2023.

How much total proceeds did Genesis Ai Corp. receive from the exercised warrants?

Genesis Ai Corp. received a total of $207,900 from the exercised warrants.