AIML Resources Inc. Private Placement Closed

Toronto, Feb 18, 2020 - AIML Resources Inc. (the "Company") (TSXV:AIML) The Company reports that, it has closed a non-brokered private-placement offering comprised of 3,000,000 units at $0.11 per unit, for total gross proceeds of $330,000. Each unit consists of one common share and one transferable warrant exercisable at 15 cents per common share until February 18, 2021; and, at $0.20 for the following 12 months. Proceeds will be utilized to retire outstanding debts and provide general working capital.

All securities have been legended with an expiry of June 19, 2020.

A finder's fee of $1,350, representing 1 per cent in cash and 135,000 warrants (representing 10 per cent of the number of subscribed units) exercisable at 35 cents per share for a period of 6 months, was issued to two brokerage firms in connection with a portion of the placement. All securities issued in connection with the private placement are subject to a four-month plus one-day hold period from the date of issue under National Instrument 45-102 and the policies of the TSX Venture Exchange. The completion of the private placement offering is subject to receipt of all regulatory approvals, including the approval of the TSX-V.



For more information please visit www.sedar.com or contact:

John Cook, CEO
AIML Resources Inc.
Telephone: (416) 200-8073
E-mail: johncook@kos.net



Neither the TSX Venture Exchange nor it Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Cautionary Statements

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the re-instatement of trading and the identification, negotiation and completion of a transaction sufficient to meet listing requirements of the TSX Venture Exchange. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Company. Risk factors that could cause actual results or outcomes to differ materially from the results expressed or implied by forward-looking information include, among other things: conditions imposed by the TSX Venture Exchange; changes in tax laws, general economic and business conditions; and changes in the regulatory regulation. The Company cautions the reader that the above list of risk factors is not exhaustive. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.