04:10:52 EDT Sat 04 May 2024
Enter Symbol
or Name
USA
CA



Datametrex AI Ltd
Symbol DM
Shares Issued 410,275,201
Close 2023-06-09 C$ 0.08
Market Cap C$ 32,822,016
Recent Sedar Documents

Datametrex hires Octagon for IR services

2023-06-09 17:06 ET - News Release

Mr. Marshall Gunter reports

DATAMETREX ENGAGES INVESTOR RELATIONS FIRM AND GRANTS OPTIONS

Subject to TSX Venture Exchange approval, Datametrex AI Ltd. has engaged with Octagon Media Corp. to perform investor relations activities under a six-month agreement, signed June 9, 2023, and commencing June 12, 2023, as the company aims to elevate its business to new heights.

The company will leverage the expertise and reach of the Wall Street Reporter, a renowned on-line market news provider for a global investor base, best known as a bridge for connecting serious investors directly with the management of high-potential public companies. With a primary focus on delivering current news and market insight for investors for publicly traded companies, the Wall Street Reporter boasts an extensive audience consisting of hedge fund managers, investment advisers and all investors alike worldwide, managing a staggering $2-trillion in capital.

The company will pay Octagon Media an aggregate $125,000 in cash, and will issue two million options exercisable at eight cents per share for a period of one year and vest quarterly in accordance with TSX-V policies. The company recognizes the immense value of increasing investor awareness for its story and is committed to expanding its market presence. Through aggressive advertising and media campaigns, the company aims to reach a larger audience within the investment community, ultimately driving successful outcomes for the company's growth and stock performance.

By joining forces with the Wall Street Reporter, the company is poised to gain increased exposure and captivate a wider audience of investors. The company is determined to unlock its full potential and seize the numerous growth opportunities in the artificial intelligence, electric vehicles and health care sectors. Management looks forward to the outcomes that this collaboration will yield.

Additionally, the company announces the granting options through the company's stock option plan. This program aims to incentivize and engage dedicated individuals who contribute to the company's growth and development.

The company has granted a total of 31.5 million options to directors, officers, consultants, including Octagon Media, and employees of the company, in accordance with the plan. This initiative provides an opportunity for participants to acquire or increase their ownership interest in the company through stock options.

The options are exercisable at a price of eight cents per common share, expiring June 9, 2025, and offer a unique chance for eligible individuals to align their interests with the long-term success of the company. By giving individuals a stake in the company's performance, the plan encourages collaboration, dedication and active involvement in driving the business forward. All options are subject to TSX-V approval.

"We are thrilled to work with the Wall Street Reporter. This represents a significant milestone as we strive to broaden our reach and engage with a larger audience of investors. With the Wall Street Reporter's expertise and extensive network, we are confident in achieving our goals and bringing greater value to our stakeholders," said Marshall Gunter, chief executive officer of the company.

About Datametrex AI Ltd.

Datametrex is a technology-focused company with exposure to artificial intelligence, machine learning and telehealth, and has recently entered the electric vehicle market. Datametrex's mission is to provide tools and solutions that support companies in fulfilling their operational goals, including health and safety, with predictive and preventive technologies. By working with companies to set a new standard of protocols through artificial intelligence and health diagnostics, the company provides progressive solutions to support the supply chain.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.