Northwire Canada EditionFriday, October 23, 2026
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Financings

Datametrex Announces Closing Date for Financings

DM · Price

Executive Summary

  • Datametrex AI Ltd. announced the intended closing of its non‑brokered private placement of up to 50 million common shares and a subscription receipt financing of up to 16.25 million receipts on November 14, 2025.
  • The offerings are priced at $0.08 per share/receipt, targeting gross proceeds of $4.0 M from the equity component and $1.3 M from subscription receipts (total up to $5.3 M).
  • Net proceeds will fund business expansion, development of a new location, integration of the Yuzu Payment Solution into Datametrex’s technology division, and general working capital.

Key Details

  • Offering Size: Up to 50,000,000 common shares @ $0.08 each → up to $4,000,000 gross proceeds.
  • Subscription Receipts: Up to 16,250,000 receipts @ $0.08 each → up to $1,300,000 gross proceeds.
  • Total Gross Proceeds Potential: $5,300,000.
  • Use of Proceeds:
  • Existing business expansion
  • Development of a new location
  • Integration of Yuzu Payment Solution into technology division
  • General working capital
  • Finder’s Fees: May be paid up to:
  • 5% cash, 5% shares, and 10% warrants or
  • 10% cash and 10% warrants, per TSX Venture Exchange policies.
  • Statutory Hold Period: All securities issued will be subject to a four‑month plus one day hold period under Canadian securities law.
  • Closing Date: Intended for November 14, 2025 (as previously disclosed on September 29, 2025).

Notable Quotes

(No executive quotes were included in the release.)

Read the original news release →

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