Datametrex AI Limited (DM:CA) (FSE: D4G) (OTCQB: DTMXF) (the “Company” or “Datametrex”) is pleased to announce the signing of a non-binding Letter of Intent (“LOI”) on April 5, 2024, to acquire the mobile game Cereal Crunch from Sariel Diagnostics Corp. (“Sariel”).
Key Acquisition Details
Asset Highlights: Datametrex will acquire significant assets associated with Cereal Crunch, including game software, intellectual property, user databases, and the Crunch Token, launched on April 2, 2024. The Crunch Token is a key component of the Cereal Crunch game ecosystem, enabling its play-to-earn blockchain gaming model. Also included in the transaction is an approximately $300,000 cash component, and Sariel’s Coinsquare account, critical for managing game-related cryptocurrency transactions.
Purchase Price: The acquisition is valued at $3,500,000, to be paid in 70,000,000 common shares of Datametrex at a deemed price of $0.05 per share.
Blockchain Mobile Game: With its unique match-3 mechanics and cryptocurrency rewards system, Cereal Crunch aims to offer a new gaming experience that blends entertainment with the potential for crypto earnings.
Charles Park, President of Datametrex, commented, “This acquisition marks a significant step for Datametrex, emphasizing our focus on innovative technologies in the gaming and cryptocurrency sectors. We are excited about the possibilities that Cereal Crunch presents and are committed to its successful development and launch.”
John Karagiannidis, President of Sariel Diagnostics Corp., stated, “Partnering with Datametrex represents a milestone moment for Sariel. This move not only validates the hard work our team has put into developing Cereal Crunch but also aligns with our mission to innovate within the crypto and AI spaces. We’re confident that under Datametrex’s stewardship, Cereal Crunch and the Crunch Token will achieve the success and recognition it deserves.”
Completion of the acquisition is subject to customary closing conditions, including the execution of a definitive agreement, satisfactory due diligence, and obtaining the necessary regulatory approvals.
Source: seekingalpha.com
