TORONTO, Oct. 31, 2017 (GLOBE NEWSWIRE) -- Andrew Ryu announces that, through a series of acquisitions and dispositions on October 26 2017 and October 27, 2017, he has disposed ownership of a net total of 2,399,000 common shares of DataMetrex AI Limited (the “Corporation”), representing approximately 2.8% of the Corporation’s total issued and outstanding common shares, on a non-diluted basis (the “Transaction”).
The common shares were sold through the facilities of the TSX Venture Exchange for net cash consideration in the amount of $259,070.00 as follows:
|Date||Number of Common |
|Number of Common |
|Price per Common |
|October 26, 2017||2,000,000||$0.11||$220,000.00|
|October 26, 2017||68,500||$0.125||$8,562.50|
|October 27, 2017||169,500||$0.115||$19,492.50|
|October 27, 2017||500,000||$0.10||$50,000.00|
Mr. Ryu completed the Transaction for liquidity purposes and may, in the future, acquire or dispose of additional securities of the Corporation, through the market or otherwise, as circumstances or market conditions warrant, including participating in any future private placements of the Corporation.
Following the Transaction, Mr. Ryu controls, directly and indirectly, 16,601,000 common shares representing approximately 19.5% of the Corporation’s issued and outstanding common shares, on a non-diluted basis. There were 85,163,561 common shares issued and outstanding as of the date of each acquisition and disposition noted above.
This press release is issued pursuant to National Instrument 62-103 – The Early Warning Reporting System and Related Take-Over Bid and Insider Reporting Issues, which also requires a report to be filed with regulatory authorities in each of the jurisdictions in which the Corporation is a reporting issuer containing information with respect to the foregoing matters (the “Early Warning Report”). A copy of the Early Warning Report will be available on the Corporation’s SEDAR profile and may also be obtained by contacting the Corporation or Andrew Ryu at 416-482-3282.