Datametrex AI Limited announced a non-brokered private placement financing of up to 75,000,000 units at issue price CAD 0.02 per Unit for gross proceeds CAD 1,500,000 on June 13, 2024. Each Unit will consist of one common share of the Company and one common share purchase warrant. Each Warrant will entitle the holder to acquire one additional Share of the Company at a price of CAD 0.05 per Share for a period of 3 years from the date of issuance.

In connection with the Private Placement, the Company may pay finders' fees amounting to up to 8% in cash and 8% in broker warrants of the total proceeds raised. The Private Placement is anticipated to close on or around June 27, 2024, or on other dates as determined by the Company. The completion of the Private Placement is subject to certain standard conditions, including, but not limited to, the approval of the TSX Venture Exchange.

All securities issued through the Private Placement will be subject to a hold period of four months and one day in accordance with applicable Canadian securities laws.