ThreeD Capital Inc. Issues Early Warning Report in Connection with the Acquisition of Securities of AI/ML Innovations Inc.


Immediately following the Acquisition, ThreeD and the Joint Actor own and control an aggregate of 56,954,200 common shares, 45,555,000 Existing Warrants, and convertible debentures entitling the holder thereof to acquire 9,000,000 common shares and 9,000,000 common share purchase warrants. The holdings of ThreeD and the Joint Actor represent approximately 22.4% of all issued and outstanding common shares of AIML (or approximately 38.0% on a partially diluted basis, assuming exercise of Existing Warrants and the convertible debentures). Of this total, (i) ThreeD held an aggregate of 26,899,200 common shares and 20,500,000 Existing Warrants, and convertible debentures entitling the ThreeD to acquire 9,000,000 common shares and 9,000,000 common share purchase warrants, representing approximately 10.6% of the issued and outstanding common shares of AIML (or approximately 22.4% on a partially diluted basis assuming the exercise of the Existing Warrants and convertible debentures); and (ii) the Joint Actor held an aggregate of 30,055,000 common shares and 25,055,000 Existing Warrants, representing approximately 11.8% of the issued and outstanding common shares of AIML (or approximately 19.7% on a partially diluted basis, assuming exercise of the Existing Warrants only).



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