Business
Railtown AI Technologies Announces $3.4M Private Placement Lead by BlackBerry Co-Founders Mike Lazaridis and Doug Fregin, with Lazaridis Joining Advisory Board to Drive Canadian Innovation
***NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES.***Vancouver, British Columbia--(Newsfile Corp. - February 10, 2026) - Railtown AI Technologies Inc. (CSE: RAIL) ("Railtown" or the "Company"), a Canadian company building advanced AI developer and agentic platforms, announces that Mike Lazaridis, co-founder of Research In Motion (now known as BlackBerry), has joined Railtown's Advisory Board and along with fellow co-founder Doug Fregin, is...
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[{"type":"text","content":"***NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES.***","length":105,"tagName":"p","attribs":{}},{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - February 10, 2026) - Railtown AI Technologies Inc. (CSE: RAIL) ("Railtown" or the "Company"), a Canadian company building advanced AI developer and agentic platforms, announces that Mike Lazaridis, co-founder of Research In Motion (now known as BlackBerry), has joined Railtown's Advisory Board and along with fellow co-founder Doug Fregin, is leading a $3.4 million private placement in Railtown (the "Private Placement"), further supporting the company's growth and mission to develop Canadian AI talent and technology.","length":606,"tagName":"p"},{"type":"text","content":"The Private Placement consists of up to 11,333,334 units of the Company (each, a "Unit") at a price of $0.30 per Unit, with each Unit comprised of one common share in the capital of Railtown (each, a "Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant is exercisable into one (1) Share at a price of $0.45 per Share for a period of 18 months from the date of issuance, subject to acceleration in certain limited circumstances.","length":511,"tagName":"p"},{"type":"text","content":"Mr. Lazaridis and Mr. Fregin are two of Canada's most accomplished technology entrepreneurs who pioneered the modern smartphone industry. They grew Research In Motion from a startup into one of Canada's most successful technology companies with $19 billion in annual revenues, 18,000 employees worldwide, and a peak market value of $68 billion.","length":352,"tagName":"p"},{"type":"text","content":"Railtown's mission, through its Agent Development Platform and collaborations with TELUS and other Canadian AI data hosting providers, is to create a Canadian-focused AI development and deployment ecosystem which aligns closely with both Mr. Lazaridis' and Mr. Fregin's long-standing commitment to building and retaining world-class technology talent in Canada.","length":373,"tagName":"p"},{"type":"text","content":""Canada develops exceptional talent, but too many feel they have to leave the country to pursue meaningful opportunities,&quo...