Business
AIML Updates Terms of Proposed Private Placement Announced
VANCOUVER, BC / ACCESS Newswire / April 7, 2025 /AI/ML Innovations Inc. ("AIML" or the "Company") (CSE:AIML)(OTCQB:AIMLF)(FWB:42FB) is pleased to announce that it intends to complete a non-brokered private placement offering of up to 40,000,000 units ...
About this update from Aiml Innovations Inc
[{"type":"text","content":"VANCOUVER, BC / ACCESS Newswire / April 7, 2025 / AI/ML Innovations Inc. ("AIML" or the "Company") (CSE:AIML)(OTCQB:AIMLF)(FWB:42FB) is pleased to announce that it intends to complete a non-brokered private placement offering of up to 40,000,000 units ("Units") at a price of $0.05 per Unit for gross proceeds of up to $2,000,000 ("Private Placement").","length":392,"tagName":"p"},{"type":"text","content":"Each Unit is comprised of one Common Share and one warrant which will be exercisable into one (1) Common Share of the Company (each a "Warrant"). Each Warrant will have a term of three (3) years, not two (2) years as previously announced, and will entitle the holder to purchase one (1) Common Share at a price of $0.15 per Common Share following the closing date. There is no acceleration clause associated with the Warrants. The Common Shares and Warrants comprising the Units will be subject to a four-month and one day hold period in accordance with the policies of the CSE and applicable securities legislation.","length":626,"tagName":"p"},{"type":"text","content":"The Company intends to use net proceeds of the Private Placement for working capital requirements.","length":98,"tagName":"p"},{"type":"text","content":"The Company will pay a finder's fee to qualified finders who assist in selling the Units, in cash or securities or a combination of both, as permitted by CSE policy and applicable securities laws.","length":200,"tagName":"p"},{"type":"text","content":"The Private Placement is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including approval from the Canadian Securities Exchange.","length":183,"tagName":"p"},{"type":"text","content":"For more information about AIML:For detailed information please see AIML's website or the Company's filed documents at www.sedarplus.ca.","length":145,"tagName":"p"},{"type":"text","content":"For further information, contact: Blake Fallis at (778) 405-0882 or [email protected].","length":94,"tagName":"p"},{"type":"text","content":"About AI/ML Innovations Inc. https://aiml-innovations.com/","length":58,"tagName":"p"},{"type":"text","content":"AIML Innovations Inc. has realigned its business operations to capitalize on the burgeoning fields of artificial intelligence: (AI...