AI/ML Innovations Inc. Announces $2 Million Private Placement to Strengthen Financial Position

Aiml Resources ( (TSE:AIML) ) has shared an announcement.

AI/ML Innovations Inc. announced a proposed non-brokered private placement offering of up to 40,000,000 units at $0.05 per unit, aiming to raise up to $2,000,000. The proceeds will be used for working capital requirements, and the offering is subject to necessary approvals. This move is expected to bolster the company’s financial position and support its strategic initiatives in the AI and ML sectors.

More about Aiml Resources

AI/ML Innovations Inc. is focused on leveraging artificial intelligence and machine learning technologies, with a primary investment focus on digital health and wellbeing companies. The company aims to drive transformative healthcare management solutions through its subsidiaries and strategic partnerships, capitalizing on growth areas in AI, ML, cloud computing, and digital platforms.

YTD Price Performance: -57.69%

Average Trading Volume: 535,941

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$8.96M

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