Datametrex AI to increase placement to $4-million

Executive Summary

• Datametrex AI Ltd. seeks TSX Venture Exchange approval to increase its non‑brokered private placement of common shares from $3 M to $4 M and subscription receipts from $1 M to $1.3 M.
• Proceeds from the subscription receipt tranche will fund integration of the Yuzu Payment Solution, merchant acquisition initiatives, and general working capital; closing is a condition to the proposed Yuzu acquisition.
• The company may issue finders’ fees up to 10% cash and up to 10% warrants for both offerings, with a four‑month plus one day hold period on all securities issued.

Key Details

• Upsized Common Share Placement: Increase from $3 M to $4 M total gross proceeds.
• Upsized Subscription Receipts: Increase from $1 M to $1.3 M total gross proceeds.
• Use of Proceeds (Subscription Receipts):
• Integration of Yuzu Payment Solution into Datametrex’s technology division.
• Pursuit of merchant opportunities to generate revenue.
• General working capital.
• Acquisition Condition: Closing of the subscription receipt offering is a prerequisite for closing the proposed acquisition of Yuzu Payment Solution.
• Finders’ Fees: Up to 10% cash and up to 10% warrants may be paid in connection with both offerings; no finders’ fees are payable for the Yuzu acquisition itself.
• Hold Period: All securities issued under the offerings will be subject to a lock‑up of four months plus one day from each closing date.
• Regulatory Approval: Both upsized financings remain subject to TSX‑V approval.

Notable Quotes

(No executive quotes were provided in the release.)