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

Group 1 - Railtown AI Technologies Inc. has announced a non-brokered private placement of up to 7,000,000 units at a price of $0.30 per unit, aiming for aggregate gross proceeds of up to$2,100,000, with closing expected on or before December 6, 2024 [1] - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the holder to acquire one additional share at an exercise price of $0.60 for a period of 24 months from the closing date [1] - The offering is being completed under the listed issuer financing exemption, meaning the securities will not be subject to a hold period under Canadian securities laws [2] Group 2 - Railtown AI is a Microsoft Partner that has developed a cloud-based Application General Intelligence™ Platform called Conductor, which enhances developer productivity through AI and automation [4] - The Conductor platform is designed to help software companies and developers save time on redundant tasks, improve productivity, reduce costs, and accelerate developer velocity, and is accessible on Microsoft's Azure Marketplace [5]