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Datametrex AI Limited (TSXV:DM) provides update on Ronin

Cryptocurrency
TXSV:DM
02 February 2021 09:00 (EDT)
Block chain

Datametrex AI Limited (DM) has completed its strategic review of Ronin Blockchain Corp.

As a result of the favourable cryptocurrency market, Datametrex has determined that it would be in the best interest of all stakeholders to spin-off and raise funds for Ronin.

The above actions are subject to a number of approvals including the TSX Venture Exchange, plan of arrangement to spin the entity out to our shareholders, and potentially shareholders approval.

Datametrex will continue to provide updates to the market as the process progresses including information about the structure of the financing and transaction.

Datametrex’s mission is to provide tools that support companies in fulfilling their operational goals, including Health and Safety, with predictive and preventive technologies.

Ronin Blockchain is a global industrial scale Blockchain platform with a specific focus on mining cryptocurrencies.

Datametrex (DM) opened at C$0.15 per share.

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