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Image source: © 2025 Krish Capital Pty.Ltd
Highlights
• Raised USD600,000 through non-brokered private placement of 1.2 million units
• Each unit includes one share and half a warrant, exercisable at USD0.75
• Proceeds will be used for general working capital purposes
Railtown AI Technologies Inc. (CSE: RAIL, OTCQB: RLAIF) has announced the closing of its previously disclosed non-brokered private placement. The company raised aggregate gross proceeds of USD600,000 through the issuance of 1,200,000 units at a price of USD0.50 per unit.
Each unit comprises one common share and one-half of one common share purchase warrant. Every whole warrant entitles the holder to acquire one additional share at an exercise price of USD0.75 per share. The warrants are valid for a period of 18 months from the date of issuance.
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