AI/ML Innovations Inc. announced a non-brokered private placement of up to 10,000,000 units at a price of CAD 0.075 per unit for the gross proceeds of CAD 750,000 on May 26, 2023. The transaction included participation from new investor World Weight Loss, Inc. Each unit consists of one common share and one common share purchase warrant. Each Warrant entitling the holder the right to buy 1 common share for a period of five years with the exercise price at the exercise price for the first year will be CAD 0.10 per share, for the second year CAD 0.20 per share, for the third year CAD 0.30 per share, for the fourth year CAD 0.40 per year and for the fifth year CAD 0.50 per share.