infinitii ai inc. announces convertible debenture offering

Executive Summary

• infinitii ai inc. announced a financing plan to raise up to $550,000 through the issuance of convertible debentures.
• The debentures bear 10% annual interest (compounded semi‑annually), mature in 36 months, and are convertible into Units at $0.05 per Unit prior to maturity.
• Each Unit consists of one common share and one warrant to purchase an additional share at $0.10 per Share for a 36‑month period.

Key Details

• Offering Size: Up to $550,000 total gross proceeds.
• Instrument: Convertible debentures with:
• Interest Rate: 10% per year, compounded semi‑annually.
• Maturity: 36 months from the issue date.
• Conversion Price: $0.05 per Unit (includes accrued interest).
• Unit Composition:
• 1 common share of infinitii ai inc.
• 1 share purchase warrant, exercisable at $0.10 per Share for 36 months from issuance.
• Use of Proceeds: Not explicitly disclosed in the release (forward‑looking statements indicate intent to support growth and operations).
• Regulatory Disclaimer: The Canadian Securities Exchange has not approved or disapproved the contents of this press release.

Notable Quotes

(No direct quotes were provided in the release.)