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Datum makes board changes, appoints Zabaneh CEO

2021-09-18 02:42 ET - News Release

Mr. Hani Zabaneh reports

DATUM VENTURES INC. ANNOUNCES CHANGE OF DIRECTORS AND ESCROW TRANSFERS

Datum Ventures Inc. has changed its directors and officers, and has closed a transfer of shares in escrow.

Change of directors and officers

Dale Wallster, James Gillis and Debbie Silver have resigned as directors of the company. To fill their vacancies, Hani Zabaneh, Martin Bajic and Carson Halliday have been appointed as the new directors of the company.

In addition, Mr. Wallster has resigned as chief executive officer and corporate secretary of the company, and Mr. Gillis has resigned as chief financial officer of the company. To fill these vacancies, Mr. Zabaneh will be taking on the roles of CEO, CFO and corporate secretary.

Mr. Zabaneh is an accomplished business consultant that specializes with growth financing, mergers and acquisitions, and transitioning companies to public markets. For over 20 years, he has held both officer and board positions of numerous public companies. Some of these companies include Summa Silver Corp., Blue Gold Mining, Auryn Resources and Sigma Lithium Resources Corp. He currently sits on several boards of public companies. Previously, he was a principal at Orange Capital Corp., a boutique investment bank located in Vancouver, B.C. He was also vice-president of corporate development at Eventbase Technology Inc., where he was instrumental in helping the company secure a Series A financing from a United States-based venture company. From 2005 to 2012, he was vice-president, administration, of MetroBridge Networks Corp. He managed the going public transaction of MetroBridge and later led the sale of MetroBirdge to a national player. He was also the chief operating officer of StockHouse Media Corp., a company that had over 200 employees with eight offices worldwide.

Mr. Bajic holds a BA and diploma in accounting from UBC and is a member of the Chartered Professional Accountants of B.C. He has over a decade of experience serving as a director, chief financial officer or consultant to numerous public companies trading on the TSX Venture Exchange or the Canadian Securities Exchange with a focus in the resource and technologies industries. His background as a CPA and CA provides issuers with the requisite skills necessary for financial management and compliance with today's complex regulatory reporting requirements.

Mr. Halliday is a chartered professional accountant with a strong background in financial reporting. Mr. Halliday has experience working with mining clients of all stages and sizes of the commodity life cycle as a result of his five years working in Deloitte's audit practice, primarily in the mining industry. Mr. Halliday holds a bachelor of commerce degree from the University of Calgary.

In conjunction with the change of directors, the existing directors of the company and certain additional shareholders have agreed to sell to each of the incoming directors a total of 980,000 common shares of the company at a price of 10 cents per share.

Following the escrow transfer, Mr. Wallster will still hold 200,000 shares both directly and indirectly through his affiliates (as that term is defined in the policies of the TSX Venture Exchange). The escrow transfer will be subject to a capital pool company escrow agreement, as well as final acceptance of the TSX Venture Exchange.

We seek Safe Harbor.

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