Toronto, Ontario--(Newsfile Corp. - November 13, 2023) - Datametrex AI Limited (TSXV: DM) (FSE: D4G) (OTCQB: DTMXF) (the "Company" or "Datametrex'') is pleased to announce that the Board of Directors has approved the grant of incentive stock options to management, employees, advisors, and directors of the Company to purchase up to 24.5 million common shares in the capital of the Company. The options are exercisable at a price of $0.05 per share, vesting immediately, and will expire two years from the date of grant.
The options are granted pursuant to the Company's stock option plan which was most recently approved by shareholders at the Company's annual general meeting held on July 29, 2022, and remain subject to approval of the TSX Venture Exchange.
Additionally, the Company has cancelled an aggregate of 4,000,000 options to purchase common shares of the Company, which were previously granted to the CEO Marshall Gunter, at an exercise price of $0.08, expiring June 9, 2025.
About Datametrex
Datametrex AI Limited is a technology-focused company with exposure to artificial intelligence, machine learning, and telehealth and has recently entered the electric vehicle (EV) market. Datametrex's mission is to provide tools and solutions that support companies in fulfilling their operational goals, including health and safety, with predictive and preventive technologies. By working with companies to set a new standard of protocols through artificial intelligence and health diagnostics, the Company provides progressive solutions to support the supply chain.