FOBI AI Inc. Announces Proposed Variation to Private Placement

Vancouver, BC, Feb. 13, 2025 (GLOBE NEWSWIRE) -- FOBI AI Inc. (FOBI:TSXV) (FOBIF:OTCQB) (“Fobi” or the “Company”) announces that it has applied to its principal regulator, the British Columbia Securities Commission (“BCSC”), for a variation order (“Variation Order”) to the partial revocation order granted by the BCSC on December 30, 2024 (the “Original Order”), of the ongoing failure-to-file cease trade order (“FFCTO”) ordered by the BCSC on November 1, 2024, in order to change the structure of and lower the proceeds to be received from its non-brokered private placement offering previously announced on December 24, 2024.