On December 18, 2023, AI/ML Innovations Inc. closed the transaction. The company issued 12,576,665 units at an issue price of CAD 0.06 per unit for the gross proceeds of CAD 754,599.9. Each unit consisting of one common share and one common share warrant. Each Warrant will have a term of 2 years and will entitle the holder to purchase one Warrant Share at a price of CAD 0.12 per share following the closing date, subject to the Company?s right to accelerate expiry upon 30 days?

notice if the shares trade at CAD 0.30 for a 10 day period. The Common Shares and Warrants comprising the Units will be subject to a four-month and one day hold period. The Company paid finders fees to qualified finders of CAD 44,710 and issued 618,500 broker?s warrants having the same terms as the Warrants.