AIML Announces Closing of Oversubscribed Private Placement

▤ Summary

AIML Innovations closed an oversubscribed non-brokered private placement and raised about C$2.13 million, above the original target. The company issued units that include common shares and warrants, and it plans to use the net proceeds for general working capital. Insiders, including the CEO, president, chief product officer, and a major shareholder, participated in the financing. AIML also extended the expiry date of certain 2023 warrants and granted 5.7 million stock options to officers, employees, and consultants.

$ Funding

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