Datametrex Seeks Approval to Increase Private Placements

Toronto-based Datametrex AI Limited announced plans to upsize two non-brokered private placements. Subject to TSX Venture Exchange approval, the company aims to raise its common shares offering from $3 million to $4 million and increase its subscription receipts financing from $1 million to $1.3 million. The proceeds will fund the integration of the Yuzu Payment Solution into Datametrex's technology division and pursue revenue-generating opportunities.

The closing of the subscription receipts offering is contingent upon the acquisition of the Yuzu Payment Solution. Datametrex may offer finder's fees of up to 10% cash and 10% warrants. Securities issued under these offerings will have a four-month hold period and require TSXV approval.