Datametrex AI Limited (TSXV:DM) announced a non-brokered private placement of up to 5,714,286 units at CAD 0.35 per unit for gross proceeds of up to CAD 2,000,000 on January 5, 2018. Each unit consists of one common share and one-half share purchase warrant. Each warrant entitles the holder to acquire one additional common share at CAD 0.55 per share for a period of 18 months from the date of issue. In the event that the volume-weighted average trading price of the common shares on the TSX Venture Exchange equals or exceeds CAD 0.65 per common share for any period of 15 consecutive trading days, the company may, at its option, within 10 business days following such 15-day period, accelerate the warrant expiry date by issuing a press release. The company has the option to increase the transaction size any time up to 48 hours before the closing of the transaction. The closing is subject to satisfaction of conditions in the purchase agreement with Ronin Blockchain Corp. The company will pay finder’s fee equal to 8% of the gross proceeds and will issue warrants. The transaction is subject to regulatory approvals and TSX Venture Exchange approval. The securities issued are subject to hold period of four months.