Brief: Datametrex Announces Binding LOI To Acquire Ronin Blockchain Corp

Quanta AI

15/12/2017 14:35

Dec 15 (Reuters) - Datametrex AI Ltd  DM.V : 
    * DATAMETREX ANNOUNCES BINDING LOI TO ACQUIRE RONIN 
BLOCKCHAIN 
CORP., A GLOBAL CRYPTOCURRENCY MINING COMPANY 
    * DATAMETREX SAYS PROPOSED CONSIDERATION FOR TRANSACTION IS 
OF 
C$10.0 MILLION IN CAPITAL 
    * DATAMETREX - UNDER TERMS, $7.5 MILLION OF SHARES WILL BE 
ISSUED 
ON CLOSING OF TRANSACTION AT DEEM PRICE OF $.25/SHARE 
    * DATAMETREX- UNDER TERMS, $2.5 MILLION OF SHARES WILL BE 
ISSUED 
ON FIRST ANNIVERSARY FROM CLOSING DATE OF TRANSACTION 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nGNXOJZXRa 
Further company coverage:  DM.V  
 
 ((Bangalore.newsroom@thomsonreuters.com;))