Railtown ai technologies inc. announces closing of non-brokered private placement

Vancouver, british columbia--(newsfile corp. - june 7, 2024) - railtown ai technologies inc. (cse: rail) (otcqb: rlaif) ("railtown" or the "company") is pleased to announce that the company has closed its previously-disclosed non-brokered private placement (the "offering") of units of the company (each, a "unit") at a price of us$0.12 per unit for aggregate gross proceeds of us$633,780. each of the 5,281,503 units consists of one common share in the capital of the company (each, a "share") and one-half of one common share purchase warrant (each whole warrant, a "warrant"), with each warrant entitling the holder thereof to acquire one additional share at an exercise price of us$0.24 per share for a period of 18 months.
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