Mr. Hani Zabaneh reports
DATUM VENTURES ANNOUNCES CPC POLICY TRANSITION
Datum Ventures Inc.'s board of directors has approved a
revision to the restrictions on the use of available capital within the company.
As a capital pool company listed on the TSX Venture Exchange, the
company is subject to certain restrictions on its ability to use available capital within the
company. These restrictions are prescribed by TSX-V Policy 2.4, Capital Pool
Companies, and originally provided that no more than the lesser of 30 per cent of the
gross proceeds from the sale of securities issued by a capital pool company and $210,000 may be used for
purposes other than identifying and evaluating potential qualifying transactions.
Subsequent to the listing of the company on the exchange, Policy 2.4 was amended to
revise restrictions on the ability to utilize available capital and provided the company with
the option to comply with the new requirements. Pursuant to Policy 2.4, Section 15.2(a), the
company has elected to remove the use-of-proceeds restrictions and will now comply with
the new requirements described in sections 7.1 and 7.2 of Policy 2.4.
For further information regarding the requirements applicable to the company, readers can
review Policy 2.4 on-line.
About Datum Ventures Inc.
The company has not commenced commercial operations and has no assets other than
cash. The only business of the company is the identification and evaluation of assets or
businesses with a view to completing a qualifying transaction in accordance with
TSX-V Policy 2.4, Capital Pool Companies.
© 2026 Canjex Publishing Ltd. All rights reserved.