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Toronto, Ontario--(Newsfile Corp. - May 5, 2022) - Datametrex AI Limited (TSXV: DM) (FSE: D4G) (OTCQB: DTMXF) (the "Company" or "Datametrex'') would like to report that members of the Board of Directors and Senior Management have purchased 2,420,000 shares of the Company in open market.
Purchase details are as follows:
Andrew Ryu, Executive Chairman; purchased 900,000 shares at an average price of $0.162
Marshall Gunter, Chief Executive Officer; purchased 620,000 shares at an average price of $0.16
Don Shim, Chief Financial Officer; purchased 300,000 shares at an average price of $0.17
Hon. Jim Peterson, Director; purchased 150,000 at an average price of $0.17
Paul Haber, Director; purchased 300,000 shares at an average price of $0.15
Benj Gallander, Director; purchased 150,000 at an average price of $0.155
Datametrex also reports that the Company is in the process of applying for a normal course issuer bid (NCIB) a.k.a. share buy back program. Once the approval process is completed, the Company will provide a subsequent announcement.
"We are confident that Datametrex will pave the way as an AI technology and health security industry leader and as we grow. We will continue to extend value to our clients and shareholders every step of the way," said Marshall Gunter, CEO of the Company.
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' 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, Company provides progressive solutions to support the supply chain.
For additional information on Datametrex and other corporate information, please visit the Company's website at www.datametrex.com.
For further information:
Investor Relations & Communications
Kristina Colpitts- Director of Communication
Telephone: 416-901-5611 x 204
Marshall Gunter- CEO
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.
All statements included in this press release that address activities, events, or developments that the Company expects, believes, or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections, and other forward-looking statements will prove inaccurate, certain of which are beyond the Company's control. In particular, there is no guarantee that the parties will successfully negotiate and enter into a definitive agreement on mutually acceptable terms or complete the Transaction in the manner contemplated herein, if at all, that the due diligence of any of the parties will be satisfactory, or that the parties will obtain any required board, shareholder, third-party and/or regulatory or other governmental approvals, if any. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not undertake to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/122927