Datametrex Chairman Announces Private Share Sale to Position Sophisticated High Net Worth Investor
July 26 2020 - 12:48PM
Datametrex AI Limited (the
“
Company” or “
Datametrex”)
(
TSXV: DM, FSE: D4G, OTC: DTMXF) announced today
that Andrew Ryu, Chairman of the Company, has facilitated a block
trade of 9.3M Common Shares (the
“Shares”) to a
high net worth sophisticated investor who after doing due diligence
on the Company wanted to acquire a significant position.
Mr. Ryu recently exercised 7.5M options and
warrants in order to facilitate the trade and not dilute his share
position.
“The timing for this trade to happen was
perfect, I was sitting on millions of options and warrants, many of
which were soon to expire. By entering into this trade, I was able
to capitalize Datametrex by exercising my warrants and options and
position sophisticated high net worth investor with a significant
position” says Andrew Ryu, Chairman of the Company. “Aside from
keeping some funds aside for tax purposes, I was able to maintain
my position and strengthen the balance sheet and shareholder
base”
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, including
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 – CEOPhone: (514) 295-2300Email:
mgunter@datametrex.com
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
laws. 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”,
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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
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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
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