Datametrex Announces Disposition of Shares of New World Solutions Inc.

Rhea-AI Summary

Datametrex AI (DTMXF) announces the sale of 4,000,000 common shares of New World Solutions Inc. at $0.02 per share, generating approximately $92,500. The company's ownership in New World decreased from 14.53% to 10.65% post-sale. The shares were sold for investment purposes, with the possibility of further transactions based on market conditions.

Toronto, Ontario--(Newsfile Corp. - April 18, 2024) - Datametrex AI Limited (TSXV: DM) (FSE: D4G) (OTCQB: DTMXF) (the "Company" or "Datametrex") announces that it has filed an early warning report (the "Early Warning Report") pursuant to the requirements of National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues in connection with the sale by the Company, through the facilities of the Canadian Securities Exchange, of an aggregate of 4,000,000 common shares ("Shares") of New World Solutions Inc. (CSE: NEWS) ("New World") at an average price of $0.02 per Share, for an aggregate proceeds of approximately $92,500 (the "Disposition").

Prior to the Disposition, Datametrex held 15,000,000 Shares of New World, representing approximately 14.53% of New World's outstanding common shares. After the Disposition, Datametrex holds 11,000,000 Shares of New World representing approximately 10.65% of New World's outstanding common shares, representing a decrease of 3.87% on an undiluted basis.

The Shares disposed of pursuant to the Disposition were sold for investment purposes. The remaining Shares owned by the Company are held for investment purposes. The Company may, depending on price, market conditions or other conditions or factors it considers relevant from time to time, increase or decrease its ownership over Shares or other securities of New World through market transactions, private agreements or otherwise.

The above referenced Early Warning Report relating to this press release has been filed on System for Electronic Document Analysis and Review + (SEDAR+) at www.sedarplus.ca under Datametrex's issuer profile. For further information or to obtain a copy of the early warning report, please contact: Charles Park, CEO, Email: cpark@datametrex.com, Tel: (416) 901-5611 x 203.

About Datametrex

Datametrex is an innovative leader in Technology Solutions, Artificial Intelligence, and Healthcare. The Company excels in delivering tools and solutions that enhance operational efficiencies and business outcomes. With a commitment to innovation, Datametrex is dedicated to supporting enterprises by setting a new standard for business protocols through cutting-edge technology.

For more on Datametrex, please visit our YouTube channel and Company website.

For Additional Information:

Charles Park, CFA

Chief Executive Officer & Director

cpark@datametrex.com

(416) 901-5611 x203

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

All statements in this press release that address activities, events, or developments that the Company expects, believes, or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments, and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections, and other forward-looking statements will prove inaccurate, certain of which are beyond the Company's control. Except as required by law, the Company does not undertake to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.

###

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/206099

FAQ

How many common shares did Datametrex sell of New World Solutions Inc. (NEWS) and at what price?

Datametrex sold 4,000,000 common shares of New World Solutions Inc. at an average price of $0.02 per share.

What percentage of New World Solutions Inc. shares did Datametrex own before the sale?

Before the sale, Datametrex owned 15,000,000 shares of New World Solutions Inc., representing approximately 14.53% of the outstanding common shares.

What percentage of New World Solutions Inc. shares does Datametrex own after the sale?

After the sale, Datametrex holds 11,000,000 shares of New World Solutions Inc., representing approximately 10.65% of the outstanding common shares.

Why did Datametrex sell the shares of New World Solutions Inc.?

The shares were sold for investment purposes.

What will Datametrex do with the remaining shares of New World Solutions Inc.?

The remaining shares owned by Datametrex are also held for investment purposes.