TORONTO, Oct. 29, 2018 (GLOBE NEWSWIRE) -- Further to its press release of October 16, 2018, Datametrex AI
Limited (the “Company” or “Datametrex”) (TSXV: DM, FSE: D4G) announces that its
subsidiary, Canntop AI Inc. (“Canntop”) will no longer be issuing an aggregate of 4,000,000 common shares to
certain directors, officers and employees of the Company and its subsidiaries at a nominal value nor an aggregate of 1,600,000
stock options under its stock option plan to certain directors, officers and employees of the Company.
Canntop will carry out an arm’s length private placement of up to 8,000,000 common shares (“Canntop Shares”) at
a price of $0.25 per Canntop Share for gross proceeds of $2,000,000; provided that Canntop may increase the size of the offering to
meet investor demand (the “Over-allotment Option”).
Following the issuance of the Canntop Shares, Canntop will have 24,000,000 Canntop Shares issued and outstanding
(not including the Over-allotment Option”) and Datametrex will hold 16,000,000 Canntop shares representing 66.67% of the total
number of issued and outstanding Canntop Shares on a non-diluted basis.
The above issuances of Canntop Shares are conditional upon acceptance of the TSX Venture Exchange.
About Datametrex
Datametrex AI Limited is a technology focused company with exposure to four exciting verticals. Big Data,
collecting data from retail point of sales environments. Artificial Intelligence and Machine Learning through its wholly owned
subsidiary, Nexalogy (www.nexalogy.com). Implementing Blockchain technology for secure Data Transfers through its
joint venture company, Graph Blockchain (www.graphblockchain.com). Industrial scale Cryptocurrency Mining through its wholly owned
subsidiary, Ronin Blockchain Corp (www.roninblockchain.com).
About Canntop AI Inc.
Canntop AI Inc. has been established to focus on the global cannabis industry. Canntop AI will utilize
Nexalogy’s tool set and unique algorithms to analyze large unstructured data sets from the Agriculture and Cannabis space. By
gathering and analyzing the data Canntop Al will be able to provide cultivators and dispensaries with business intelligence that
allows them to better understand their clients and markets in the areas of patient analysis, strain and protocol management, and
quality assurance.
Additional information on Datametrex is available at: www.datametrex.com.
To stay informed about Datametrex, please join our Investor Group on 8020 Connect
http://bit.ly/2fPUNwF for all upcoming news releases, articles comments and
questions.
For further information, please contact:
Jeffrey Stevens – President & COO
Phone: (647) 400-8494
Email: jstevens@datametrex.com
Neither the TSX Venture Exchange nor its 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.
