Ontario’s Datametrex to Acquire China-connected Vancouver Cryptocurrency Company

Toronto, Ontario-headquartered Datametrex AI Limited has entered into a binding letter of intent to acquire all of the outstanding shares of Ronin Blockchain Corp. Ronin is a global, industrial-scale Blockchain platform with a specific focus in mining cryptocurrencies, primarily through a memorandum of understanding with GoSun Group, one of China’s largest infrastructure and networking companies with over 90 operating data centres in China. The proposed consideration for the transaction is C$10 million payable in common shares, with C$7.5 million of shares to be issued on the closing of the transaction, and the remaining shares issued on the first anniversary from the closing date of the transaction.

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