- Datametrex AI (DM) has purchased 7,122,500 common shares at an average price of $0.1298 under its current NCIB
- Under the current bid, which expires on June 8, 2023, the company may purchase up to 17,808,301 common shares
- All common shares purchased under the NCIB will be subsequently cancelled
- Datametrex AI Limited is a technology-focused company with exposure to artificial intelligence
- Datametrex AI Limited (AI) opened trading at C$0.12
Datametrex AI (DM) has purchased 7,122,500 common shares at an average price of $0.1298 under its current normal course issuer bid (NCIB).
Under Datametrex’s current NCIB, which expires on June 8, 2023, the company may purchase up to 17,808,301 common shares. To date, Datametrex has purchased and cancelled an aggregate of 7,122,500 common shares.
All common shares are being purchased on the open market by PI Financial through the facilities of the TSXV as well as through other designated exchanges. All shares will be purchased will be at the prevailing market price at the time of purchase and will be subsequently cancelled.
Marshall Gunter, CEO of Datametrex, commented on the NCIB.
“The company is thrilled to have the NCIB program in place to increase return to our shareholders. Creating long lasting shareholder value is priority and we look forward to growing the company while making an impactful difference with our investors.”
Datametrex AI Limited is a technology-focused company with exposure to artificial intelligence, machine learning, telehealth and has recently entered the electric vehicle (EV) market.
Datametrex AI Limited (AI) opened trading at C$0.12.