- Datametrex AI (DM)has announced its intention to increase the number of common shares to be purchased for cancellation under its NCIB
- During the 12-month period ending June 7, 2023, the company may purchase up to a total of 34,789,603 shares
- To date, a total of 17,807,500 shares have been purchased for cancellation under the NCIB
- Datametrex AI Limited is a technology-focused company with exposure to Artificial Intelligence and Machine Learning
- Datametrex AI Limited (DM) opened trading at C$0.08
Datametrex AI (DM) has announced its intention to increase the number of common shares to be purchased for cancellation under its NCIB.
During the 12-month period ending June 7, 2023, the company may purchase up to a total of 34,789,603 shares.
To date, a total of 17,807,500 shares have been purchased for cancellation under the NCIB.
Purchases under the bid will be made by PI Financial Corp. on behalf of the company.
All shares purchased will be cancelled. Funding for purchases under the bid will be financed out of the company’s working capital.
The company believes that the bid represents an appropriate use of corporate funds and is in the best interests of the company and its shareholders. The bid will benefit all persons who continue to hold shares by increasing their equity interest in the company.
Marshall Gunter, CEO of Datametrex, commented on the NCIB.
“The company believes the increased purchase of shares will greatly impact return to our shareholders and further increase shareholder value. Management greatly values our shareholders continued support as we expand our operations and business in AI, EV, and Telehealth. We are excited to share more developments very soon and look forward to the future growth of Datametrex!”
Datametrex AI Limited is a technology-focused company with exposure to Artificial Intelligence and Machine Learning. Datametrex’s mission is to provide tools that support companies in fulfilling their operational goals, including Health and Safety, with predictive and preventive technologies.
Datametrex AI Limited (DM) opened trading at C$0.08.
