AI/ML Innovations Inc. Increases Proposed Private Placement
AI/ML Innovations Inc. (CSE:AIML)(OTCQB:AIMLF) announces an increase in its proposed non-brokered private placement from 20,000,000 to 40,000,000 units at $0.065 per unit, potentially raising up to $2,600,000. Each unit includes one Common Share and one Warrant exercisable at $0.15 per share within two years. The company received a 30-day extension, with closing anticipated by November 25, 2024. Proceeds will be used for general working capital. The warrant expiry can be accelerated with 30 days' notice if shares trade at $0.25 for 10 days.
AI/ML Innovations Inc. (CSE:AIML)(OTCQB:AIMLF) annuncia un aumento nel suo proposed non-brokered private placement da 20.000.000 a 40.000.000 unità a $0.065 per unità, con la possibilità di raccogliere fino a $2.600.000. Ogni unità include una Common Share e un Warrant esercitabile a $0.15 per azione entro due anni. L'azienda ha ricevuto un'estensione di 30 giorni, con la chiusura prevista entro il 25 novembre 2024. I proventi saranno utilizzati per il capitale di lavoro generale. La scadenza del warrant può essere accelerata con un preavviso di 30 giorni se le azioni vengono scambiate a $0.25 per 10 giorni.
AI/ML Innovations Inc. (CSE:AIML)(OTCQB:AIMLF) anuncia un aumento en su propuesta de colocación privada no intermediada de 20,000,000 a 40,000,000 unidades a $0.065 por unidad, lo que podría recaudar hasta $2,600,000. Cada unidad incluye una acción común y una garantía ejercitable a $0.15 por acción en un plazo de dos años. La empresa recibió una extensión de 30 días, con el cierre anticipado para el 25 de noviembre de 2024. Los ingresos se utilizarán para el capital de trabajo general. La fecha de vencimiento de la garantía puede ser acelerada con un aviso de 30 días si las acciones se negocian a $0.25 durante 10 días.
AI/ML Innovations Inc. (CSE:AIML)(OTCQB:AIMLF)는 제안된 비중개 사모 배치의 수량을 20,000,000에서 40,000,000 단위로 늘렸다고 발표하며, 단위당 $0.065에 potentially $2,600,000를 모금할 수 있습니다. 각 단위는 하나의 일반 주식과 2년 내에 주당 $0.15에 행사 가능한 워런트를 포함합니다. 회사는 30일 연장을 받았으며, 마감은 2024년 11월 25일로 예상됩니다. 수익금은 일반 운영 자본으로 사용될 것입니다. 주가가 10일 동안 $0.25로 거래될 경우 워런트 만료를 30일 전에 통지하여 가속화할 수 있습니다.
AI/ML Innovations Inc. (CSE:AIML)(OTCQB:AIMLF) annonce une augmentation de son placement privé non-intermédié proposé, passant de 20 000 000 à 40 000 000 unités à 0,065 $ par unité, potentiellement en levant jusqu'à 2 600 000 $. Chaque unité comprend une action ordinaire et un bon de souscription exerçable à 0,15 $ par action dans les deux ans. La société a obtenu un prolongement de 30 jours, la clôture étant prévue pour le 25 novembre 2024. Les recettes seront utilisées pour le fonds de roulement général. L'expiration du bon de souscription peut être avancée avec un préavis de 30 jours si les actions se négocient à 0,25 $ pendant 10 jours.
AI/ML Innovations Inc. (CSE:AIML)(OTCQB:AIMLF) gibt eine Erhöhung seiner vorgeschlagenen nicht vermittelten Privatplatzierung von 20.000.000 auf 40.000.000 Einheiten zu einem Preis von $0.065 pro Einheit bekannt, was potenziell bis zu $2.600.000 einbringen könnte. Jede Einheit besteht aus einer Stammaktie und einem Warrant, der innerhalb von zwei Jahren zu $0.15 pro Aktie ausgeübt werden kann. Das Unternehmen erhielt eine 30-tägige Verlängerung, mit dem Abschluss, der bis zum 25. November 2024 erwartet wird. Die Einnahmen werden für das allgemeine Betriebskapital verwendet. Das Ablaufdatum des Warrants kann mit einer Frist von 30 Tagen beschleunigt werden, wenn die Aktien 10 Tage lang bei $0.25 gehandelt werden.
- Doubled the size of private placement offering from 20M to 40M units
- Potential to raise up to $2.6M in working capital
- Significant potential dilution for existing shareholders
- Unit price of $0.065 indicates relatively low valuation
VICTORIA, BC / ACCESSWIRE / October 28, 2024 / AI/ML Innovations Inc. ("AI/ML" or the "Company") (CSE:AIML)(OTCQB:AIMLF)(FWB:42FB) announces that, further to its press release dated October 21, 2024, the Company has received exchange approval to increase the proposed non-brokered private placement offering from the previously announced 20,000,000 units up to 40,000,000 units ("Units"). Each Unit remains priced at
Further, the exchange has agreed to a 30-day extension. As a result, the Company anticipates closing the proposed placement on or before November 25, 2024.
For more information about AI/ML Innovations:
For detailed information please see AI/ML's website or the Company's filed documents at www.sedarplus.ca
For further information, contact: Blake Fallis at (778) 405-0882 or info@aiml-innovations.com.
About AI/ML Innovations Inc. https://aiml-innovations.com/
AI/ML Innovations Inc. has realigned its business operations to capitalize on the burgeoning fields of artificial intelligence (AI) and machine learning (ML), with an initial investment focus on emerging digital health and wellbeing companies that leverage AI, ML, cloud computing and digital platforms to drive transformative healthcare management solutions and precision support delivery across the health continuum. Through strategic partnerships with Health Gauge (
On behalf of the Board of Directors
Tim Daniels, Executive Chairman
THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES IN ANY JURISDICTION, NOR SHALL THERE BE ANY OFFER, SALE, OR SOLICITATION OF SECURITIES IN ANY STATE IN THE UNITED STATES IN WHICH SUCH OFFER, SALE, OR SOLICITATION WOULD BE UNLAWFUL.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE: AI/ML Innovations, Inc.
View the original press release on accesswire.com
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