Mr. Paul Haber reports
DATAMETREX ANNOUNCES PRIVATE PLACEMENT EXTENSION
Further to the news release of June 9, 2025, Datametrex AI Ltd. has applied to the TSX Venture Exchange for an extension to allow for the closing of its non-brokered private placement with its investors. The company expects this process to be completed within the next two weeks and intends to file the final documentation no later than Aug. 11, 2025, subject to approval by the exchange.
The gross proceeds of the private placement will be used for expansion of the company's health care product offering, relocation of two health care clinics and general working capital.
In connection with the private placement, the company may pay finders' fees up to 10 per cent cash and up to 10 per cent in broker warrants of the aggregate proceeds raised in the private placement.
The closing of the private placement is subject to certain standard conditions, including, but not limited to, the acceptance of the TSX Venture Exchange.
All securities that are issued pursuant to the private placement will be subject to a hold period of four months and one day in accordance with applicable Canadian securities laws. The private placement will not result in the creation of a new control person of the company.
About Datametrex AI Ltd.
Datametrex is an innovative leader in technology solutions, artificial intelligence, health care and mobile gaming. The company excels in delivering tools and solutions that enhance operational efficiencies and business outcomes. With a commitment to innovation, Datametrex is dedicated to supporting enterprises by setting a new standard for business protocols through cutting-edge technology.
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