Mr. Dev Randhawa reports
GENESIS ANNOUNCES SHARE CONSOLIDATION
Genesis AI Corp. intends to consolidate the
common shares in the capital of the company on the basis of one postconsolidation common share for every 10 preconsolidation
common shares.
The company currently has 62,943,885 common shares issued and outstanding, and, following the
consolidation, the company will have approximately 6,294,389 common shares issued and outstanding, prior
to rounding for fractional shares. The company has a total of three million options and 35,676,284 warrants, which
will be consolidated to 300,000 and 3,567,628, respectively.
The consolidation was approved by the board of directors of the company in accordance with the
articles of the company but remains subject to the approval of the Canadian Securities Exchange. The company will issue a further news release announcing the effective date of the consolidation
upon receiving exchange approval. The company will not be changing its name in conjunction with the
consolidation.
About Genesis AI Corp.
Genesis AI is committed to developing advanced AI-driven solutions for
wildfire protection and improved mineral exploration outcomes. The company's flagship platform, Wildfire
Defense Solutions, leverages AI (artificial intelligence), machine learning and data analytics to build digital models of forests and
communities, helping stakeholders make smarter, data-driven decisions in managing natural resources and
wildfire risks.
We seek Safe Harbor.
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