17:45:02 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Datametrex AI Ltd
Symbol DM
Shares Issued 200,373,925
Close 2018-08-15 C$ 0.065
Market Cap C$ 13,024,305
Recent Sedar Documents

Datametrex's Graph to begin marketing financing soon

2018-08-16 07:44 ET - News Release

Mr. Jeffrey Stevens reports

GRAPH BLOCKCHAIN UPDATES ON RTO

Datametrex AI Ltd. has provided shareholders with an update on the status of the going public process for Graph Blockchain Ltd. via a reverse takeover (RTO) with Reg Technologies Inc. (RegTech).

As previously announced on June 1, 2018, Graph and RegTech entered into a letter of intent to effect an RTO, which would result in RegTech acquiring all the issued and outstanding securities of Graph, furthermore giving Graph a prefinancing valuation of over $39-million.

To date, the RTO process has been moving forward as expected and a number of milestones have been achieved. Most notably, RegTech has filed its information circular with the respective U.S. and Canadian transfer agents. Additionally, in relation to the RTO, RegTech has announced and filed on SEDAR its annual general and special meeting for Sept. 17, 2018.

With the positive continuation of the RTO process and in anticipation of the closing, as previously announced, Graph intends to begin marketing its concurrent private placement of common shares at a price of 30 cents per common share within the next week.

"There are many moving parts when looking at the RTO process, and it's always great when it all comes together, and things stay on track with projected timelines. A lot of diligent work is being put in by both Graph and RegTech to ensure that we are maximizing value for our shareholders, and I'm excited as we enter the home stretch of listing the company," says Peter Kim, president and chief operating officer of Graph.

About RegTech

RegTech was incorporated under the provisions of the Business Corporations Act (British Columbia) with its registered and head office in Vancouver, B.C. RegTech is a reporting issuer within the meaning of the Securities Act (British Columbia) and Securities Act (Alberta) and is currently subject to a cease trade order, and its securities are not currently listed on any Canadian stock exchange.

About Graph Blockchain Ltd.

Graph Blockchain is in the process of listing as a public company on the Canadian Securities Exchange, by way of a reverse takeover, resulting in a prefinancing valuation of approximately $39-million. Graph was started as a joint venture formed between Datametrex and Bitnine, with the mandate to bring the value of Graph Database technology to the blockchain environment where there is a great need to enhance performance and present the verified and authenticated data in unique ways.

About Datametrex AI Ltd.

Datametrex AI is a technology focused company with exposure to four exciting verticals: big data, collecting data from retail point-of-sales environments; artificial intelligence and machine learning through its wholly owned subsidiary, Nexalogy; implementing blockchain technology for secure data transfers through its joint venture company, Graph Blockchain, and industrial-scale cryptocurrency mining through its wholly owned subsidiary, Ronin Blockchain Corp.

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