on AI/ML Innovations Inc. (CVE:AIML)
AI/ML Innovations Completes Share Issuance
AI/ML Innovations Inc. has finalized a share issuance to settle debts with certain service providers. The company issued 17,118,420 common shares at Cdn$0.05 each. This move addresses past services and outstanding obligations.
The shares are subject to a statutory hold, expiring on August 18, 2026. Insiders purchased 11,848,000 shares, deeming it a "related party transaction." Under MI 61-101, the company is exempt from valuation and minority approval requirements.
This release is not an offer to sell securities in any region where it is unlawful. These securities are not registered under the U.S. Securities Act of 1933 and cannot be sold there without registration or exemption.
R. H.
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