infinitii ai inc. announced a private placement of 3,000,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 150,000; and convertible debentures for gross proceeds of up to CAD 400,000; for aggregate gross proceeds of CAD 550,000 on December 6, 2023. Each unit consist of one common share and one share purchase warrant allowing the holder to purchase one share at CAD 0.10 per share for a period of 36 months from issue. The convertible debentures carry an interest rate of 10% per year, compounded semi-annually, will mature 36 months from the date of issue and are convertible, along with any accrued interest, into units at CAD 0.05 per unit at any time before the maturity date.