Datametrex Announces Stock Option Exercises
Toronto, Ontario--(Newsfile Corp. - January 18, 2021) - Datametrex AI Limited (TSXV: DM) (FSE: D4G) (OTC Pink: DTMXF) (the "Company" or "Datametrex"), is pleased to announce that Marshall Gunter, Chief Executive Officer of the Company, exercised 1,642,300 options with an exercise price of $0.05 for gross proceeds of the Company. In addition, Andrew Ryu, Chairman sold approximately, 8.8 M common shares on which were acquired through his previously exercised options and warrants of the Company. These common shares were disposed of for Mr. Ryu's personal tax planning purposes.
As part of the company's compensation policies, Datametrex believes its pay for performance payment structure aligns with the interests of the Company's shareholders as management's compensation is largely based on the performance of the Company, including its share price, earnings etc.
Since January 2020, the share price of the common shares of Datametrex was at $0.015 and with the changes that management implemented throughout 2020, it has grown the business's revenue significantly and increased the market cap of Datametrex from approximately $4.48M in January 2020 to approximately $46.5M today, a tenfold increase.
Datametrex AI Limited is a technology-focused with exposure to Artificial Intelligence and Machine Learning through its wholly-owned subsidiary, Nexalogy (www.nexalogy.com). Datametrex's 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, please contact:
Marshall Gunter - CEO
Phone: (514) 295-2300
Neither the TSX Venture Exchange nor it's 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/72300