Genesis AI raises $120,000 through private placement

Genesis AI Corp. (CSE: AIG) (OTCQB: AIGFF) announced a non-brokered private placement raising $120,000 at $0.06 per unit.

The company will issue up to 2 million units under the offering. Each unit includes one common share and one warrant that allows the holder to purchase an additional common share at $0.10 within 24 months of closing.

Genesis AI plans to use the proceeds for general administrative expenses and to pursue new business opportunities, according to the company's statement.

The Kelowna, British Columbia-based company develops AI-driven solutions for wildfire protection and mineral exploration. Its platform uses artificial intelligence, machine learning and data analytics to create digital models of forests and communities.

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