Datametrex Announces Extension and Closing of the Second Tranche of Its Non-Brokered Private Placement Financing

Core Points - Datametrex AI Limited has announced an extension for its non-brokered private placement financing, allowing it to raise up to $1,500,000 through the issuance of 75,000,000 units, with a new deadline of August 29, 2024 [1][2] - Each unit consists of one common share and one warrant, with the warrant allowing the purchase of an additional common share at an exercise price of CAD $0.05 for two years [1] - The company successfully closed the first tranche of the private placement, raising $645,000 by issuing 32,275,000 units, and the second tranche raised $311,409.29 through 15,570,465 units at a price of $0.02 per unit [10][11] Financial Details - The private placement may incur finders' fees of up to 8% in cash and 8% in broker warrants based on total proceeds raised [2] - The net proceeds from the private placement will be allocated for general corporate and working capital purposes [2] Company Overview - Datametrex is recognized as a leader in technology solutions, artificial intelligence, healthcare, and mobile gaming, focusing on enhancing operational efficiencies and business outcomes [4] - The company emphasizes its commitment to innovation and aims to set new standards for business protocols through advanced technology [4]