Datametrex AI Ltd V.DM

excellent ! Excellent ! NEWS

[knoxt]

Datametrex Provides Update to Normal Course Issuer Bid

 

05 Jul 202209:28 ET

Newsfile Corp

 

Toronto, Ontario--(Newsfile Corp. - July 5, 2022) - Datametrex AI Limited (TSXV: DM) (FSE: D4G) (OTCQB: DTMXF) (the "Company" or "Datametrex") announces that it purchased an aggregate of 7,122,500 common shares of the Company ("Common Shares") at an average purchase price of $0.1298 during the month of June 2022, pursuant to the Company's previously announced normal course issuer bid ("NCIB"). The Company intends to continue purchasing its Common Shares under its NCIB and will be updating the market on the progress on a monthly basis.

Datametrex's current NCIB commenced on June 8, 2022 and expires on June 8, 2023, pursuant to which a maximum of 17,808,301 Common Shares may be purchased, representing approximately 5% of the issued and outstanding Common Shares as at the time of the commencement of the NCIB. To date, Datametrex has purchased and cancelled an aggregate of 7,122,500 common shares.

All Common Shares purchased under the NCIB are being purchased on the open market by PI Financial through the facilities of the TSX-V as well as through other designated exchanges and alternative trading systems in Canada in accordance with applicable regulatory requirements. All Common Shares purchased will be at the prevailing market price at the time of purchase and will be subsequently cancelled.

"The Company is thrilled to have the NCIB program in place to increase return to our shareholders. Creating long lasting shareholder value is priority and we look forward to growing the Company while making an impactful difference with our investors," said Marshall Gunter, CEO of the Company.

About Datametrex

[Long101]

Especially great to see them quickly buying up shares at these low prices, with about one third of the max amount already scooped up by the company for cancelation. If anyone knows the SP should be higher later in the one-year time limit to buyback, it's them; could this account for the expedited buying...

[Resilience19]

Positively DM has bought back at an average just under 0.13. In my book, anything under or equal to the EVS sp swap at 0.15 is fine with me. so if they keep up buying at this rate, they may be able to buy back the remainder of the 17M shares at current dirt cheap prices.