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by Stockwatch Business Reporter
The TSX Venture Exchange gained a fraction to close at 583.64 Tuesday. Darryl Cardey's capital pool shell, Dataminers Capital Corp. (DMC: halted), has a financing update in connection with its qualifying transaction. Its QT target, Zoomd Ltd., has closed an $8.38-million private placement at $1. Zoomd is an on-line marketing software company in Israel. Since first announcing this deal in September, 2018, Dataminers and Zoomd have released the terms of the QT: The shell will roll back
1 for 2.5, leaving it with 524,000 shares issued, then issue 82,552,915 shares to its target's shareholders (not including the subscribers to the recently closed financing).
Zoomd was founded in 2013. It offers a search engine platform that enables website visitors to do searches within a particular website. The search engine collects users' data (including search history and website preferences while browsing a particular website) and analyzes those to improve the selection of advertisements that are shown to each user. Zoomd has another product, a mobile app that is designed for use by advertisers. Through the app, for example, they can buy on-line ads that will be shown to specific target customer groups.
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