Aiml Resources (TSE:AIML) has released an update.
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AI/ML Innovations Inc. has successfully completed a non-brokered private placement, raising $392,250 through the issuance of over 7.8 million units at $0.05 each. This strategic financial move is set to bolster the company’s working capital, with a part of the funds being sourced from an insider transaction. The units, which include common shares and warrants, will potentially enhance investor engagement with the opportunity to convert warrants into shares at a set price within two years.
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