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The latest announcement is out from Aiml Resources ( (TSE:AIML) ).
AI/ML Innovations Inc. announced a non-brokered private placement offering of up to 40 million units at $0.05 per unit, aiming to raise $2 million. The proceeds will be used for working capital, with each unit consisting of one common share and one warrant, exercisable into a common share at $0.15 over three years. The private placement is subject to necessary approvals, and finder’s fees will be paid to qualified finders.
More about Aiml Resources
AI/ML Innovations Inc. is focused on the fields of artificial intelligence and machine learning, with a particular investment in digital health and wellbeing companies. The company leverages AI, ML, cloud computing, and digital platforms to provide transformative healthcare management solutions. Through its subsidiaries and strategic partnerships, AIML aims to capitalize on growth opportunities in these sectors.
YTD Price Performance: -57.69%
Average Trading Volume: 529,527
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$8.96M
Find detailed analytics on AIML stock on TipRanks’ Stock Analysis page.