Generative AI Solutions Corp. announced a non-brokered private placement of 9,000,000 units at an issue price of CAD 0.56 for gross proceeds up to CAD 5,040,000 on May 29, 2023. Each unit will consist of one common share and one Share purchase warrant. Each warrant will entitle the subscriber to acquire one additional share at a price of CAD 1 per warrant for a period of two years from the applicable closing date. The closing of the Offering is subject to a number of conditions, including but not limited to, approval of the Offering by the Canadian Securities Exchange. The offering may be closed in one or more tranches. The company will not pay any finders fees in connection with the offering. All securities issued in the transaction have a hold period of four month and one day.

On June 5, 2023, the company announced that now each warrant will entitle the subscriber to acquire one additional share at a price of CAD 1.65 per warrant for a period of two years from the applicable closing date.