TORONTO, Oct. 29, 2018 (GLOBE NEWSWIRE) -- Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV: DM, FSE: D4G) is pleased to announce that the Canadian Securities Exchange (“CSE”) has granted conditional approval for the listing of the common shares of Graph Blockchain Inc., the resulting issuer of the reverse takeover transaction (the “RTO”) between Graph Blockchain Limited (“Graph”), an associate company of Datametrex, and Reg Technologies Inc., under the symbol GBLC.

In connection with the RTO, Graph anticipates completing a non-brokered private placement of units (the “Units”) for gross proceeds of a minimum of $1,000,000 at a price of $0.30 per Unit. Each unit is composed of one common share of Graph and one common share purchase warrant (each a “Warrant”). Each Warrant is exercisable into one common share of Graph at an exercise price of $0.40 for a period of eighteen months from the closing. Upon issuance of the final CSE bulletin, each common share and warrant will be exchange for one common share and one warrant of the resulting issuer respectively.

Graph anticipates completing the RTO during the week of November 5th, 2018.

Listing of the Company’s common shares is subject to, among other things, satisfaction of the customary listing conditions of the CSE such as the completion of all remaining CSE filing requirements and the receipt of final approval from the CSE.

“We’re very excited about getting the conditional approval letter from the CSE. There’s been a lot of diligent work put in on a number of fronts, including the going-public process, in conjunction with raising capital, all while executing on the core business growth of the company, and it’s always great to see successful execution come together,” says Peter Kim, incoming CEO of Graph.

“The Graph team has been doing an exceptional job steering through these markets and achieving numerous milestones in under a year.  Their solution is well validated through their successive wins with multi-nationals, and as a major shareholder, the Datametrex management team is excited to see the company as a stand-alone public entity that will add great value to Datametrex,” says Jeff Stevens, President and COO of Datametrex.

A listing statement describing the resulting issuer, prepared in accordance with the policies of the CSE, will be made available on SEDAR at https://www.sedar.com/. The information regarding the resulting issuer and the RTO in this press release is qualified in its entirety by reference to the more detailed disclosure included in the listing statement.

About Graph Blockchain Limited

Graph develops leading-edge private blockchain business intelligence and data management solutions. Graph’s powerfully unique solution has translated into a high growth trajectory, with the company securing multiple prototype development contracts with multi-national conglomerates, and the opportunity to sell across client verticals/subsidiaries as a full enterprise product.

About Datametrex AI Limited

Datametrex AI Limited is a technology focused company with exposure to four exciting verticals. Big Data, collecting data from retail point of sales environments. Artificial Intelligence and Machine Learning through its wholly owned subsidiary, Nexalogy (www.nexalogy.com). Implementing Blockchain technology for secure Data Transfers through its joint venture company, Graph Blockchain (www.graphblockchain.com). Industrial scale Cryptocurrency Mining through its wholly owned subsidiary, Ronin Blockchain Corp (www.roninblockchain.com).

Additional information on Datametrex is available at: www.datametrex.com

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For further information, please contact:

Peter Kim – President & COO Graph Blockchain Limited
Phone:   (647) 465-3647
Email:    pkim@graphblockchain.com

Jeffrey Stevens – President & COO Datametrex AI Limited
Phone:   (647) 400-8494
Email:    jstevens@datametrex.com

Neither the 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

This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws, including statements regarding the timing and completion of the RTO and the private placement. Forward-looking information is not a guarantee of future performance or results, since it involves risks and uncertainties. There is no assurance that forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in forward-looking statements. Some of the factors on which the forward-looking statements are premised include (but are not limited to) final approval of the CSE and completion of the private placement. Except as required by law, the Company does not assume and expressly renounces any obligation to update any forward-looking information, which is only applicable on the date on which it is given.