Verses Closes Final Tranche Of Convertible Debenture Financing For Aggregate Proceeds Of C$7.5m

VERSES AI Inc. has successfully raised an aggregate of C$7,504,845.30 in gross proceeds through the sale of unsecured convertible debentures and Warrants under its non-brokered private placement. The proceeds from the Private Placement are intended to be used for general working capital purposes and all securities issued are subject to a four month hold period from the date of issue. The Company also paid fees to eligible finders consisting of cash and Broker Warrants.