Latest News

Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV:DM) (FSE:D4G) and its San Francisco based joint venture partner Bitnine Global Inc. (“Bitnine”) are pleased to announce the closing of a non-brokered private placement (the “Financing”) for Graph Blockchain Limited (“Graph” or the “Joint Venture”). As a result of increased demand for the Financing, Graph increased the size of the offering from $1,000,000 to approximately $3,500,000. Pursuant to the terms of the Financing, an aggregate of 35,253,764 common shares in the capital of Graph were issued at a price of $0.10 per common share.

Pursuant to the terms of the Proposed Spin-Out, it is anticipated that Datametrex will set a record date in the future, (the “Record Date”) pursuant to which shareholders as of the Record Date will be entitled to receive one (1) common share in the capital of Graph for every twenty (20) common shares of Datametrex held. The Proposed Spin-Out will be subject to regulatory approval, including the approval of the TSX Venture Exchange and the shareholders of Datametrex (if required).

The Private Placement is direct into the private company, “Graph”, so as not to dilute Datametrex AI Limited. With this financing, “Graph” will be positioned to continue to build Graph Blockchain solutions for corporations and government agencies.

This agreement is in addition to the previously announced contract between Nexalogy and Revive on November 27, where Nexalogy will use its proprietary social data discovery solution, NexaIntelligence, to unlock the value of data related to medical cannabis collected from social media networks and internet environments such as discussion forums, blogs and news sites.

Graph Database and Blockchain technology provides a unique way of organizing, analyzing and displaying Blockchain transactional data in real-time. The power utility company will make effective use of Datametrex Blockchain’s implementation of metadata, Graph database, and Blockchain solutions.

Bitnine specializes in Graph Database and Blockchain technology providing a unique way of organizing and analyzing blockchain transactional data. A graph database uses graphical structures for semantic queries with nodes, edges and properties to represent and store data.