ACCESSWIRE
21 Jan 2021, 19:43 GMT+10
TORONTO, ON / ACCESSWIRE / January 21, 2021 / AI/ML Innovations Inc. (CSE:AIML) announces that it has completed a non-brokered private placement offering (the 'Offering') to identified strategic health technology investors of 2,000,000 units ('Units') at $0.75 per Unit for gross proceeds of $1,500,000. Each Unit is comprised of one common share and one share purchase warrant, with each warrant having an exercise price of $1.00 and an expiration date of 18 months from the date of issuance, subject to acceleration if AIML trades at $1.25 for 10 consecutive trading days.
The Company intends to use the proceeds of this offering to further advance its platform deployment with key healthcare clients as well as to pursue accretive acquisitions.
This private placement is oversubscribed, and the Company is planning a second and final closing by the end of the month.
The Offering is non-brokered, but the Company may, in its sole discretion, pay reasonable customary finders' fees, in connection with the completion of the Offering. All securities issued pursuant to the Offering will be subject to a resale restriction of four months and a day from closing.
For more information about AI/ML Innovations:
Investor slidedeck: https://aiml-innovations.com/wp-content/uploads/2021/01/AIML-mini-1-21.pdf
Corporate video: https://www.youtube.com/watch?v=k2QSjo7clXc&feature=youtu.be
AI/ML Innovations Inc. has aligned its business operations to capitalize on the burgeoning areas of artificial intelligence (AI) and machine learning (ML), with an initial focus on emerging companies in the digital healthcare space. AI/ML's shares are traded on the Canadian Securities Exchange under the symbol 'AIML'. For detailed information please see AI/ML's website at https://aiml-innovations.com/ or the Company's filed documents at www.sedar.com.
For further information, contact Blake Fallis at (250) 384-1999 or info@aiml-innovations.com.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Not for distribution to U.S. newswire services for dissemination in the United States of America. Any failure to comply with this restriction may constitute a violation of U. S. securities law.
SOURCE: AI/ML Innovations Inc.
Get a daily dose of Illinois Intelligencer news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Illinois Intelligencer.
More Information© Provided by Xinhua Britain reported another 442 coronavirus-related deaths, taking the total fatalities to 121,747. LONDON, Feb. 24 (Xinhua) ...
WASHINGTON - President Joe Biden will sign an executive order on Wednesday to formally order a 100-day government review of ...
During the pandemic, Canadians have been asked to stay home to stay safe, yet thousands of youth are facing homelessness. ...
The U.S. government has determined that a one-shot COVID-19 vaccine developed by Johnson & Johnson is safe and offers partial ...
GENEVA, SWITZERLAND - In a speech to the 47-member U.N. Human Rights Council, U.S. Secretary of State Antony Blinken has ...
Washington [US], February 24 (ANI): President Joe Biden aims to secure a seat for the United States on the United ...
CHICAGO, Illinois - Following an 11-month closure, Chicago's lakefront, parks and pools are preparing to reopen.Earlier this week, Chicago Mayor ...
KINSHASA, Democratic Republic of Congo - Italy's ambassador to the Democratic Republic of Congo was assassinated Monday while traveling in ...
NAIROBI, Kenya: The head of the World Health Organization (WHO) has requested that Tanzania report on its measures to battle ...
OTTAWA, Canada - Ramping up pressure on Liberal Prime Minister Justin Trudeau to toughen his stance on China, Canada's parliament ...
CODOGNO, Italy: Sunday marked one year since Italy experienced its first known COVID-19 death, a 77-year-old retired roofer from the ...
In a massive show of strength to protest three farm laws, more than 100,000 farmers and agricultural laborers gathered in ...