Datametrex Announces Upsize of Non-Brokered Private Placements

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 its subscription receipt financing from $1 M to $1.3 M.
• Gross proceeds from the subscription receipts will fund integration of the Yuzu Payment Solution, pursue merchant revenue opportunities, and provide general working capital; closing is a condition to the proposed acquisition of Yuzu.
• The company may pay finder’s fees up to 10% cash and up to 10% warrants on both offerings, with all securities subject to a four‑month plus one‑day hold period.

Key Details

• Offering Size Increase – Common Shares: From $3,000,000 to $4,000,000.
• Offering Size Increase – Subscription Receipts: From $1,000,000 to $1,300,000.
• 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 condition to closing the proposed acquisition of the Yuzu Payment Solution.
• Finder’s Fees: Up to 10% cash and up to 10% finder’s warrants may be paid for both offerings; no finder’s fees payable in connection with the Yuzu acquisition.
• Hold Period: All securities issued/issuable under the offerings are subject to a hold period of four months plus one day from each closing date.
• Regulatory Approval: Offerings remain subject to TSXV approval.

Notable Quotes

(No direct quotes were provided in the release.)