Railtown AI Technologies Announces $3.4M Private Placement Lead by BlackBerry Co-Founders Mike Lazaridis and Doug Fregin, with Lazaridis Joining Advisory Board to Drive Canadian Innovation

Executive Summary

• Mike Lazaridis and Doug Fregin are leading a $3.4 million private placement for Railtown AI Technologies.
• The offering consists of up to 11,333,334 units at $0.30 per unit; each unit includes one common share and half of a warrant exercisable at $0.45 per share for 18 months.
• Proceeds will be used for general working capital, with standard hold period of four months and one day.

Key Details

• Private Placement Size: Up to $3.4 million gross proceeds.
• Units Offered: Maximum of 11,333,334 units at $0.30 per unit.
• Unit Composition: 1 common share + ½ common‑share purchase warrant (each whole warrant exercisable into one share at $0.45).
• Warrant Terms: Exercisable for 18 months from issuance; acceleration clause if CSE price ≥ $0.90 for ten consecutive trading days, allowing the company to give notice of expiry.
• Advisory Board Appointment: Mike Lazaridis joins Railtown’s Advisory Board; both he and Doug Fregin are leading the placement.
• Use of Proceeds: General working capital; possible finder’s fees payable in cash and/or additional warrants.
• Closing Conditions: Subject to receipt of all required approvals, including CSE approval.
• Hold Period: Securities subject to a four‑month + one‑day hold period per Canadian securities law.
• Regulatory Notice: Units not registered under U.S. securities laws; offering unavailable to U.S. persons.

Notable Quotes

• “Canada develops exceptional talent, but too many feel they have to leave the country… I’m excited to support that vision.” – Mike Lazaridis, Advisory Board Member
• “Having spent time working in Silicon Valley… reinvestment is a major reason the ecosystem continues to thrive.” – Cory Brandolini, CEO, Railtown AI Technologies

All forward‑looking statements are subject to risks and uncertainties as described in the release.