Datametrex AI Limited (TSXV:DM) entered into a binding letter of intent to acquire Shoptalk Analytics Group Inc. for CAD 4 million on January 8, 2018. Out of total consideration, Datametrex will pay (1) CAD 0.50 million on the closing date of which 50% shall be payable in cash and the remaining 50% shall be satisfied by the issuance of shares; (2) CAD 0.50 million will be paid within six months of closing at the time Shoptalk achieves the first milestone of 100 paying locations of which 50% shall be payable in cash and the remaining 50% shall be satisfied by the issuance of shares; (3) CAD 1 million satisfied by the issuance of shares will be paid at the time Shoptalk achieves the second milestone of an aggregate of 200 locations within 12 months from closing; and (4) CAD 2 million satisfied by the issuance of shares at the time Shoptalk on achievement of the third milestone of an aggregate of 500 paying locations within 26 months of closing date. The transaction is subject entering into a definitive agreement, approval of the TSX Venture Exchange and certain conditions pursuant to the terms of the letter of intent, including satisfactory of due diligence. It is anticipated that the definitive agreement will be entered into on or about January 31, 2018 and closing will take place on or about February 5, 2018. As per an announcement made on February 9, 2018, the transaction is expected to close in February 2018.