Railtown AI Technologies Inc (TSE:RAIL) has released an update.
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Railtown AI Technologies Inc. has successfully completed a non-brokered private placement, raising US$633,780 through the sale of over 5 million units at US$0.12 each. This financial move, including securities subject to a standard hold period, positions the company to bolster its working capital. The proceeds will be directed towards general working capital purposes to further advance Railtown’s AI technology for software developers and Agile teams.
For further insights into TSE:RAIL stock, check out TipRanks’ Stock Analysis page.
