AI/ML Innovations Inc. announced a a non-brokered private placement to issue 11,576,666 units at a price of CAD 0.06 per unit for gross proceeds of CAD 694,599.94 on December 7, 2023. Each unit consists of one common share and one common share warrant and each warrant will have a term of two years and will entitle the holder to purchase one common share at a price of CAD 0.12 per share subject to the Company?s right to accelerate expiry upon 30 days? notice if the shares trade at CAD 0.30 or greater for a period of at least 20 consecutive trading days.

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. The Company paid finder?s fees to qualified finders in the amount of CAD 38,700.