Infinitii AI arranges $550,000 debenture offering

Executive Summary

• Infinitii AI Inc. announced a plan to raise up to $550,000 through the issuance of convertible debentures.
• The debentures carry a 10% annual interest rate, compounded semi-annually, with a maturity period of 36 months.
• The securities are convertible into units at a price of $0.05 per unit, with each unit comprising one common share and one share purchase warrant.

Key Details

• Total Offering Size: Up to $550,000.
• Instrument Type: Convertible Debentures.
• Interest Rate: 10% per year, compounded semi-annually.
• Maturity: 36 months from the date of issue.
• Conversion Price: $0.05 per unit.
• Conversion Terms: Convertible, along with any accrued interest, into units at any time before the maturity date.
• Underlying Unit Structure: Each unit consists of:
  • One common share in the capital of the company.
  • One share purchase warrant.
• Warrant Terms: Allows the holder to purchase one share at $0.10 per share for a period of 36 months from the issue of the warrant.