08:56:07 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Datametrex AI Ltd
Symbol DM
Shares Issued 259,556,361
Close 2020-07-24 C$ 0.095
Market Cap C$ 24,657,854
Recent Sedar Documents

Datametrex chairman arranges 9.3M share block trade

2020-07-27 06:16 ET - News Release

Mr. Andrew Ryu reports

DATAMETREX CHAIRMAN ANNOUNCES PRIVATE SHARE SALE TO POSITION SOPHISTICATED HIGH NET WORTH INVESTOR

Andrew Ryu, chairman of Datametrex AI Ltd., has facilitated a block trade of 9.3 million common shares to a high-net-worth sophisticated investor who, after doing due diligence on the company, wanted to acquire a significant position.

Mr. Ryu recently exercised 7.5 million options and warrants in order to facilitate the trade and not dilute his share position.

"The timing for this trade to happen was perfect; I was sitting on millions of options and warrants, many of which were soon to expire. By entering into this trade, I was able to capitalize Datametrex by exercising my warrants and options and position [a] sophisticated high-net-worth investor with a significant position," said Andrew Ryu, chairman of the company. "Aside from keeping some funds aside for tax purposes, I was able to maintain my position and strengthen the balance sheet and shareholder base."

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