Railtown AI Technologies Inc. Announces $2.1 Million Non-Brokered Private Placement

Core Points - Railtown AI Technologies Inc. is conducting a non-brokered private placement of up to 7,000,000 units at a price of $0.30 per unit, aiming for gross proceeds of up to$2,100,000 [1] - Each unit consists of one common share and one-half of a common share purchase warrant, with the warrants allowing the purchase of additional shares at $0.60 for 24 months [1] - The proceeds will be used for user acquisition, revenue growth, capital markets awareness, and general corporate purposes [6] Offering Details - The offering is being completed under the LIFE Exemption, meaning the securities will not be subject to a hold period under Canadian securities laws [2] - Eligible finders may receive an 8$1.20 for 10 consecutive trading days [4] Corporate Developments - Railtown has engaged Ari & Co. Capital as a corporate liaison for global business interests, effective for an initial term of 6 months [8] - The company has achieved SOC 2 certification, indicating a commitment to security and operational excellence, which is expected to enhance growth and value delivery [9] - Railtown AI has developed a cloud-based Application General Intelligence™ Platform called Conductor, aimed at improving developer productivity [10][11]