Yesterday's announced financings: May 29

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