TORONTO, Sept. 12, 2018 – Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV: DM, FSE: D4G) is pleased to provide shareholders with an update on the status of the going public process for Graph Blockchain Limited (“Graph”), an associate company of Datametrex, via a reverse-takeover (“RTO”) with Reg Technologies Inc. (“RegTech”).
In continuation of the RTO process, on September 4 2018, Graph held a Special Shareholders’ Meeting to approve the proposed amalgamation with a wholly-owned subsidiary of RegTech, along with the share split to effect a 1:1 ratio on the amalgamation. Graph management is thrilled to announce that both motions passed with overwhelming support and approval from shareholders.
Graph Blockchain Concurrent Private Placement
Graph is pleased to announce a concurrent non-brokered private placement of up to 13,333,333 units (each a “Unit”) at a price of $0.30 per Unit, for gross proceeds of up to $4,000,000 (the “Offering”).
Each Unit consists of one common share in the capital of Graph and one common share purchase warrant of Graph, with each warrant exercisable into one common share at a price of $0.40 for a period of 18 months after closing of the Offering (the “Warrant Expiry Date”). In the event that the volume-weighted average trading price of the common shares on the Canadian Securities Exchange equals or exceeds $0.45 per common share for any period of 15 consecutive trading days, the Company may, at its option, within 10 business days following such 15-day period, accelerate the Warrant Expiry Date by issuing a press release (a “Warrant Acceleration Press Release”), and, in such case, the Warrant Expiry Date shall be deemed to be 5:00 p.m. (Toronto time) on the 15th day following the issuance of the Warrant Acceleration Press Release.
Individuals who would like to request further information should contact Peter Kim at firstname.lastname@example.org (additional contact information below).
Having achieved a number of milestones over the past 10 months of operation, Graph continues to anticipate solid growth over the next few years as this nascent technology becomes fully adopted globally. This is seen most notably in the recent prototype contracts with divisions of Samsung and LG to be a part of their global logistics modernization, along with the MOU with KTNET, a government trade agency to build out a trade services platform (click here for more information).
“It’s great to see our going public process tracking on schedule, and the interest we’ve seen for a concurrent private placement is terrific. It really goes to show that investors are looking to participate in the success of leading-edge blockchain data management companies,” says Peter Kim, President and COO of Graph.
About Graph Blockchain Limited
Graph Blockchain is in the process of listing as a public company on the Canadian Securities Exchange, by way of a reverse-takeover, resulting in a pre-financing valuation of approximately $39 Million CAD (click here for more information). The company develops cutting-edge private blockchain business intelligence and data management solutions. Graph’s powerfully unique solution has translated into a high growth trajectory, with the company securing multiple contracts with multi-national conglomerates, and the opportunity to sell across client verticals/subsidiaries as a full enterprise product, as well as globally to new clients as a tested and proven product.
For further information, please contact:
Peter Kim – President & COO
Phone: (647) 465-3647
RegTech was incorporated under the provisions of the Business Corporations Act (British Columbia) with its registered and head office in Vancouver, British Columbia. RegTech is a “reporting issuer” within the meaning of the, Securities Act (British Columbia) and Securities Act (Alberta) and is currently subject to a cease trade order and its securities are not currently listed on any Canadian stock exchange.
About Datametrex AI Limited
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).
Additional information on Datametrex is available at: www.datametrex.com
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For further information, please contact:
Jeffrey Stevens – President & COO
Phone: (647) 400-8494
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.
This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws, including statements regarding the timing and completion of any proposed private placements, public listings or blockchain related activities. Forward-looking information is not a guarantee of future performance or results, since it involves risks and uncertainties. There is no assurance that forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in forward-looking statements. Some of the factors on which the forward-looking statements are premised include (but are not limited to) the lack of material changes to general economic, market and business conditions. Except as required by law, the Corporation does not assume and expressly renounces any obligation to update any forward-looking information, which is only applicable on the date on which it is given.