Datametrex AI Ltd V.DM

NEWS

[Bentley2000]

Datametrex Announces Early Option Exercise 2021-03-09 07:37:49 PM ET (Newsfile Corp)

 

Toronto, Ontario--(Newsfile Corp. - March 9, 2021) -  Datametrex AI Limited (TSXV: DM) (FSE: D4G) (OTC Pink: DTMXF) (the "Company" or "Datametrex") announced today that 14.2 million of the previously issued the share purchase options ("Options") have been exercised resulting in gross proceeds to the Company of $1.92 million to further capitalize the company. Company's Chairman, Andrew Ryu exercised 8.65M options to increase his share position, and Marshall Gunter, Company's Chief Executive Officer, exercised 2,357,700 options. About Datametrex Datametrex AI Limited is a technology focused company with exposure to Artificial Intelligence and Machine Learning through its wholly owned subsidiary, Nexalogy (www.nexalogy.com). Datametrex's mission is to provide tools that support companies in fulfilling their operational goals, includ ing Health and Safety, with predictive and preventive technologies. By working with companies to set a new standard of protocols through Artificial Intelligence and health diagnostics, the Company provides progressive solutions to support the supply chain. Additional information on Datametrex is available at www.datametrex.com. For further information, please contact: Marshall Gunter - CEO Phone: [phone] Email: [e-mail] Neither the TSX Venture Exchange nor it's Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements This news release contains "forward-looking information" within the meaning of applicable securities l aws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as "may", "will", "expect", "likely", "should", "would", "plan", "anticipate", "intend", "potential", "proposed", "estimate", "believe" or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions "may" or "will" happen, or by discussions of strategy. Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking information. The forward-looking information contained herein is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking information is made. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law. ### To view the source version of this press release, please visit https://www.newsfilecorp.com/release/76681

[MLorenzo]

It is nice to see that something is going on at the company. Why do they need the cash? If they are cashflow positive then what are they up to? Revive Ronin? The kick in the teeth will ne in 3 days when additional options are granted.

[Stockthoughts]

Don't think it is the cash they need. Something is happening. 

[pkazzz]

Late post but you were dead on!