TORONTO, May 02, 2018 (GLOBE NEWSWIRE) -- Datametrex AI Limited (the “Company” or “Datametrex”) (TSX-V:DM) (FSE:D4G) is pleased to provide shareholders with an update on the status of the Going Public process for Graph Blockchain Limited (“Graph”). The application, along with the Non-Offering Prospectus (“NOP”) is in the regulatory review process with the OSC, in addition to having submitted a listing application with the CSE.
Pursuant to the terms of the Proposed Going Public transaction, it is anticipated that Datametrex will set a record date in the near future, (the “Record Date”) pursuant to which shareholders as of the Record Date will be entitled to receive approximately one (1) common share in the capital of Graph for every twenty (20) common shares of Datametrex held. After the Company receives comments from the OSC, it should be in position to determine the Record Date. The Proposed Going Public transaction will be subject to regulatory approval, and the shareholders of Datametrex (if required).
“I am thrilled to be leading the team as we take Graph public. Our management has been working diligently to ensure that Graph has a smooth entry into the public market, and is well received through support by the investment community, as we work towards becoming a stand-alone company,” says Peter Kim, President and COO of Graph.
About Graph Blockchain
Graph Blockchain is a joint venture formed between Datametrex and Bitnine. The JV mandate is to bring the value of Graph Database technology to the blockchain environment where there is a great need to enhance performance and present the verified and authenticated data in unique ways.
About Datametrex AI Ltd
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
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.
Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws, including statements regarding the timing and completion of any blockchain related activities as the subsidiary is newly incorporated and has no current operations. 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.