Mr. Paul Haber reports
DATAMETREX PROVIDES FINANCING UPDATE
Datametrex AI Ltd. has confirmed the terms of its two previously announced private placement financings (see news releases dated June 9, 2025, July 8, 2025, and Sept. 15, 2025) announcing a non-brokered private placement of up to $3-million of common shares and a non-brokered private placement of up to $1-million of subscription receipts. The company confirms the equity private placement will be priced at eight cents per share and the subscription receipt financing will also be priced at eight cents per subscription receipt. The gross proceeds from the subscription receipts will be used to integrate the Yuzu payment solution in Datametrex's technology division and pursue merchant opportunities to generate revenues. The closing of the offering of the subscription receipts is a condition to the closing of the proposed acquisition of the Yuzu payment solution. The company may pay finders' fees up to 10 per cent in cash and up to 10 per cent in finders' warrants in connection with the financings. No finders' fees are payable in connection with the proposed acquisition of the Yuzu payment solution.
About Firstpayment
Firstpayment is a Canadian-based fintech company that provides cryptocurrency payment processing solutions. Its technology is backed by a portfolio of 10 granted patents, eight USPTOs and two Canadian patents, in the payments space, including innovations in mobile and cryptocurrency payments. The company's proprietary platform, Yuzu, also known as Yuzupay, enables seamless cryptocurrency payments between merchants and customers.
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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