Yesterday's announced financings: May 29

May 30, 2023 01:24 PM PST

Here’s your roundup of yesterday's announced equity financings, courtesy of PrivatePlacements.com: the only database that tracks every financing, every day.

1. Generative AI Solutions Corp. (CSE: AICO)

Gross Proceeds: $5.04 million
Sector: AI
Units issued: 9 million
Type: Special units
Price: $0.56
Warrants: Full; $1.00; Two years
Agents: Non-brokered
Use of Proceeds: Working capital

Company breakdown:

Company developing AI-powered solutions to businesses
One of its products is "Tobacco Titan," "a large language model dedicated to harnessing the power of artificial intelligence for the tobacco industry."
Recently closed an acquisition of a medical AI billing company

2. Mydecine Innovations Group Inc. (OTC: MYCO)

Gross Proceeds: $5 million
Sector: Psychedelics
Units issued: 15.15 million
Type: Common shares
Price: $0.33
Warrants: None
Agents: Non-brokered
Use of Proceeds: Not stated

Company breakdown:

Company using psychedelics to develop novel treatments for mental health disorders
Recently announced it spent $143,000 on R&D in Q1
Recently reported positive preclinical results on its tests on MDMA

3. Vortex Energy Corp. (CSE: VRTX)

Gross Proceeds: $4 million
Sector: Salt
Units issued: 6 million; 1.67 million
Type: Special units; Flow-through units
Price: $0.50; $0.60
Warrants: Full; $0.75; Two years
Agents: Non-brokered
Use of Proceeds: Ongoing exploration

Company breakdown:

Mining company that is exploring the Robinson River salt project in Newfoundland and Labrador
Began trading on the CSE in December

4. Rome Resources Ltd. (TSX-V: RMR)

Gross Proceeds: $1.1 million
Sector: Base metals
Units issued: 4.4 million
Type: Special units
Price: $0.25
Warrants: Half; $0.30; Two years
Agents: Non-brokered
Use of Proceeds: Ongoing exploration

Company breakdown:

Base metals explorer focused on the Bisie North tin project in the Democratic Republic of the Congo
Recently acquired an additional 15% of the project
Began drilling in December