Mr. Paul Haber reports
DATAMETREX ANNOUNCES UPSIZE OF NON-BROKERED PRIVATE PLACEMENTS
Datametrex AI Ltd. will seek approval of TSX Venture Exchange to upsize its two previously announced non-brokered private placement financings (see press releases dated June 9, 2025, July 8, 2025, Sept. 15, 2025, and Sept. 22, 2025). The company will seek TSX-V approval to increase the previously announced private placement of common shares from $3-million to $4-million, and will seek TSX-V approval to increase the previously announced financing of subscription receipts from $1-million to $1.3-million.
The gross proceeds from the subscription receipts will be used to integrate the Yuzu Payment Solution in Datametrex's technology division, pursue merchant opportunities to generate revenues and general working capital. 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 cash and up to 10-per-cent finders' warrants in connection with both offerings. No finders' fees are payable in connection with the proposed acquisition of the Yuzu Payment Solution.
All securities issued and issuable pursuant to the offerings will be subject to a hold period of four months plus one day from the date of closing of each offering. The offerings are subject to approval by TSX-V.
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.
We seek Safe Harbor.
© 2025 Canjex Publishing Ltd. All rights reserved.