The TSX Venture Exchange has accepted for filing documentation relating to a share purchase agreement dated Sept. 25, 2017, and amending agreement dated Nov. 14, 2017, between arm's-length parties and Datametrex AI Ltd. Pursuant to the agreement, the issuer shall acquire all the issued and outstanding shares of Nexalogy Environics, a business intelligence and data analysis software provider to government agencies and Fortune 500 corporations.

In consideration, the company shall pay an aggregate of $2.8-million plus issue up to 13,817,273 common shares to the vendors. An additional $600,000 may be paid over a three-year period based on achieving certain revenue milestones.

For more information, refer to the company's news releases dated July 4, 2017, and Sept. 25, 2017.