RE:Get the champagne!DM's stake in GBLC has earned them around 5.7 million CAD . TODAY !! I don't think people pouring into GBLC realize that DM has 27 % ownership in GBLC .
Toronto, Ontario--(Newsfile Corp. - January 8, 2021) - Datametrex AI Limited (TSXV: DM) (FSE: D4G) (OTC Pink: DTMXF) (the "Company" or "Datametrex") would like to congratulate its investee company, Graph Blockchain (GBLC: CSE) on the recent share price appreciation.
"Datametrex remains a significant shareholder of Graph Blockchain owning approximately 25% of Graph. We welcome any new direction the board and management determine to be in the best interest of GBLC and its shareholders," says Marshall Gunter CEO of the Company.
Plus the debt settlement
The Creditors include a related party, Datametrex AI Limited, who has control of over 10% of the voting securities of the Company and received 5,120,080 Debt Shares. Accordingly the Debt Settlement with Datametrex is a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Holders in Special Transactions ("MI 61-101"). The Company is relying on the exemption from the valuation requirement and the minority approval requirement pursuant to subsections 5.5(a) and 5.7(a) of MI 61-101, respectively, as the securities do not represent more than 25% of the Company's market capitalization, as determined in accordance with MI 61-101.