VERSES Announces Proceeds of CDN $6,778,062 from Warrant and Option Exercises
12 Junio 2023 - 8:00AM
VERSES AI Inc. (NEO:VERS) (OTCQX:VRSSF) ("VERSES'' or the
"Company”), a cognitive computing company specializing in the next
generation of artificial intelligence is pleased to announce that
it has received an additional CDN $6,778,062 from the exercise
of 6,534,385 Class A subordinate voting share purchase
warrants and 310,000 stock options. A total of
7,606,734 Class A subordinate voting share purchase
warrants, 943,777 broker warrants
and 960,000 stock options have been exercised since March
13th, 2023, for total gross proceeds of CDN $9,264,362.
“We are thrilled by the overwhelming response to the warrant
issuance, which reaffirms the confidence that investors have in our
potential," said VERSES CEO, Gabriel René. "The additional capital
will fuel our ambitions and enable us to accelerate our strategic
initiatives. We are excited about the opportunities ahead and
remain committed to delivering value to our shareholders.”
About VERSES
VERSES is a cognitive computing company specializing in
next-generation Artificial Intelligence. Modeled after natural
systems and the design principles of the human brain and the human
experience, VERSES flagship offering, GIA™, is an Intelligent Agent
for anyone powered by KOSM™, a network operating system enabling
distributed intelligence. Built on open
standards, KOSM transforms disparate data into knowledge
models that foster trustworthy collaboration between humans,
machines and AI, across digital and physical domains. Imagine a
smarter world that elevates human potential through innovations
inspired by nature. Learn more at VERSES, LinkedIn
and Twitter.
On Behalf of the Company
Gabriel RenéVERSES Technologies Inc.Co-Founder &
CEOpress@verses.ai
Media and Investor Relations Inquiries
Leo KarabelasFocus
CommunicationsPresidentinfo@fcir.ca416-543-3120
Forward-Looking Statements Cautionary Note
The NEO has not reviewed or approved this press release for the
adequacy or accuracy of its contents.
This release includes certain statements and information that
may constitute forward-looking information within the meaning of
applicable Canadian securities laws. Forward-looking statements
relate to future events or future performance and reflect the
expectations or beliefs of management of the Company regarding
future events. Generally, forward-looking statements and
information can be identified by the use of forward-looking
terminology such as “intends” or “anticipates,” or variations of
such words and phrases or statements that certain actions, events
or results “may,” “could,” “should,” “would” or “occur.” This
information and these statements, referred to herein as
"forward-looking statements", are not historical facts, are made as
of the date of this news release and include without limitation,
statements relating to the impact of active inference and related
research on future AI development and explainable AI models, the
impact of active inference research on further advancements in AI
and the release date of the whitepaper. In making the
forward-looking statements in this news release, the Company has
applied several material assumptions, including without limitation,
that active Inference will play a significant role in the
development of explainable AI models and other milestones In AI and
that the Company will be able to finalize and release the
whitepaper on Its expected timeline.
These forward-looking statements involve numerous risks and
uncertainties, and actual results might differ materially from
results suggested in any forward-looking statements. These risks
and uncertainties include, among other things, that active
inference will not be widely applied in developing explainable AI
models, that active inference will not have application to other AI
milestones and that the Company will not be able to release the
whitepaper on its expected timeline. Although management of the
Company has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking statements or forward-looking information, there
may be other factors that cause results not to be as anticipated,
estimated or intended. There can be no assurance that such
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking statements and forward-looking information. Readers
are cautioned that reliance on such information may not be
appropriate for other purposes. The Company does not undertake to
update any forward-looking statement, forward-looking information
or financial out-look that are incorporated by reference herein,
except in accordance with applicable securities laws.
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