AI/ML Innovations Inc. (TSXV:AIML) announced private placement of 4,000,000 units at a price of CAD 0.25 per unit for gross proceeds of CAD 1,000,000 on January 8, 2021. Each unit consists of one common share and one share purchase warrant. Each two warrant will entitle the holder to purchase a common share at a price of CAD 0.50 per share for a period of one year from the date of listing. The securities issued are subject to hold period of expires on May 1, 2021 The warrants are subject to accelerated expiry if the closing price of the shares on the TSX-V is CAD 0.60 or greater for 10 consecutive trading days.