Datametrex AI Limited (the
“
Company” or “
Datametrex”)
(
TSXV: DM, FSE: D4G) today held its annual and
special meeting. At the meeting Andrew Ryu, Charles Schade, Janeen
Stodulski, David Ellison and John McMullen were elected as
directors of the Company and KPMG were appointed as auditors for
the Company. Additionally, the Company’s 10% rolling stock option
plan was re-approved and confirmed and shareholders passed a
special resolution to change the name of the Company from
Datametrex AI Limited to Nexalogy AI Limited. The Company’s name
will not be changed until the Company files articles of amendment
and obtains the necessary regulatory approvals.
In the management information circular that
accompanied the notice of the meeting, management had proposed a
consolidation of the Company’s common shares on the basis of up to
8 to 1 (the “Share Consolidation”). Before the
conclusion of the meeting, a motion was put forward to adjourn the
meeting until November 15 to give the board of directors time to
consider whether it wished to continue to pursue the Share
Consolidation or not. The motion put forward to adjourn the meeting
was carried and the annual and special meeting of shareholders has
been adjourned to November 15, 2019 at 4:30 p.m. at offices of MNP
at 111 Richmond Street West, Suite 300,Toronto, Ontario M5H
2G4.
About Datametrex
Datametrex AI Limited is a technology focused
company with exposure to Artificial Intelligence and Machine
Learning through its wholly owned subsidiary, Nexalogy
(www.nexalogy.com).
For further information, please
contact:
Jeff Stevens - PresidentPhone: (416) 482-3282Email:
jstevens@datametrex.com
Forward-Looking Statements
This news release contains “forward-looking
information” within the meaning of applicable securities
laws. All statements contained herein that are not clearly
historical in nature may constitute forward-looking information. In
some cases, forward-looking information can be identified by words
or phrases such as “may”, “will”, “expect”, “likely”, “should”,
“would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”,
“estimate”, “believe” or the negative of these terms, or other
similar words, expressions and grammatical variations thereof, or
statements that certain events or conditions “may” or “will”
happen, or by discussions of strategy.
Readers are cautioned to consider these and other
factors, uncertainties and potential events carefully and not to
put undue reliance on forward-looking information. The
forward-looking information contained herein is made as of the date
of this press release and is based on the beliefs, estimates,
expectations and opinions of management on the date such
forward-looking information is made. The Company undertakes no
obligation to update or revise any forward-looking information,
whether as a result of new information, estimates or opinions,
future events or results or otherwise or to explain any material
difference between subsequent actual events and such
forward-looking information, except as required by applicable
law.
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