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Datametrex AI Limited Announces Issuance of Stock Options

TORONTO, Oct. 15, 2018 (GLOBE NEWSWIRE) -- Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV: DM, FSE: D4G) announces that in October 2018, it granted an aggregate of 6,150,000 incentive stock options under the Company’s stock option plan (the “Plan”) to certain directors, officers, and employees of the Company and its subsidiaries (the “Grant”). The options are exercisable for a period of two years at $0.07 per share. As of the date hereof, a total of 16,374,135 common shares of the Company are reserved for issuance under the Company’s stock option plan.

In addition to the Grant, the Company has made amendments to the exercise price of certain previously granted options, including:

  • Reduction in exercise price from $0.225 per share to $0.10 per share for 3,200,000 options originally granted to certain directors and officers (expiring January 22, 2020); and
  • Reduction in exercise price from $0.20 per share to $0.10 per share for 1,665,081 options originally granted to certain directors (expiring March 8, 2020).

About the Company

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.
To stay informed about Datametrex, please join our Investor Group on 8020 Connect http://bit.ly/8020DM 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.