Windfall Geotek Announces Private Placement

Core Points - Windfall Geotek is conducting a non-brokered private placement of up to 25,000,000 units at a price of $0.02 per unit, aiming for maximum gross proceeds of $500,000 [1] - Each unit consists of one common share and one warrant, with the warrant allowing the purchase of a common share at an exercise price of $0.05 for two years [1] - The net proceeds will be allocated for working capital and bona fide debt settlement, excluding payments for accrued salaries to officers or directors [2] Company Overview - Windfall Geotek has been utilizing Artificial Intelligence (AI) in the mining sector since 2005, focusing on digital exploration [3] - The company has a multidisciplinary team that includes professionals in geophysics, geology, AI, and mathematics, making it a pioneer in AI-driven mineral exploration [3] - Windfall Geotek aims to validate AI-generated targets and enhance shareholder value while expanding applications into areas such as landmine detection [3]