Toronto, Ontario–(Newsfile Corp. – November 14, 2023) – Datametrex AI Limited (TSXV: DM) (FSE: D4G) (OTCQB: DTMXF) (the “Company” or “Datametrex”) is pleased to announce it has entered into an agreement for the sale of its subsidiary, DataMetrex Electric Vehicle Solutions Inc. (“DM EVS”), to Graph Blockchain Inc. (CSE: GBLC) (OTC Pink: REGRF) (FSE: RT50) (“Graph Blockchain”). This transaction will underscore Datametrex’s strategic focus on enhancing its healthcare, AI, and technology verticals.
Pursuant to an agreement dated November 13, 2023, Graph Blockchain has agreed to acquire DM EVS from Datametrex for an aggregate purchase price of up to $3,750,000, contingent upon DM EVS’s achievement of certain milestones over a three year period. At closing, Graph Blockchain will issue to Datametrex 15,000,000 common shares at a deemed price of $0.05 per share, under the terms of the agreement.
Datametrex’s opportunity to receive up to…
