Predictiv AI looks to raise $0.25M in a private placement, announces debt settlement agree

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Predictiv AI (OTC:INOTF) said it is looking to raise capital by conducting a non-brokered private placement consisting of up to 12.5 million common share units to be issued for $0.02 per unit, for gross proceeds of up to $0.25 million.
Each unit will consist of one common share of Predictive AI and one purchase warrant.
Each warrant will entitle the holder to acquire one additional share of the company at an exercise price of $0.05 per share for 24 months from the date of issuance.
In addition, the company has entered into debt settlement agreements with certain company officers, directors, and consultants, converting $0.5 million in payables into common shares.
The company plans to issue 25 million settlement shares at a $0.02 per share price to preserve working capital to fund operations.
The settlement of the payables has been approved by all of the directors of the company and will be subject to a four-month and one-day hold period from the date of issuance.