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Graph Blockchain Announces Closing of RTO Transaction

Datametrex AI Limited is pleased to announce the closing of the reverse takeover transaction of Graph Blockchain Inc (formerly Reg Technologies Inc. with Graph Blockchain Limited, an associated company of Datametrex AI Limited, as previously announced on 29 June 2018 and 01 October 2018.

In connection with the Transaction, RegTech, Graph and 2659468 Ontario Inc. a wholly-owned subsidiary of RegTech, entered into a definitive amalgamation agreement whereby RegTech and Graph merged by way of 3-corner amalgamation between RegTech, Graph, and RegTech Subco.

The Transaction involved the acquisition by the Company of all of the issued and outstanding common shares in the capital of Graph. As part of the Transaction, Graph amalgamated with RegTech Subco to form “Graph Blockchain Limited.”, a wholly-owned subsidiary of the Company.

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Graph Blockchain Inc. received conditional approval for the listing of its common shares from the Canadian Securities Exchange on October 25, 2018. The Company is in the process of submitting its final materials to the CSE.

“As management, it’s exciting to see all the diligent and focused work of every employee of Graph come to fruition as we take the company public.  The consecutive milestones hit by the company throughout the year has allowed us to grow and develop into a successful company, authenticated by our multi-national client list, and the best part is, this is just the beginning,” says Peter Kim, incoming Chairman and CEO of Graph.

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“We have been incubating Graph through Datametrex, and we are thrilled to see it at the very end of the process, to become a stand-alone public company.  We are extremely proud of the team and how much they have achieved in such a short time. With the existing pipeline getting executed and expanding, our commitment to Datametrex shareholders in adding value through this joint venture stands firm as we begin realizing the benefit as a major shareholder of Graph,” says Andrew Ryu, Chairman and CEO of Datametrex.

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