PRISM signs Memorandum of Understanding (MOU) for Reverse Takeover (RTO) of nDatalyze Corp

Prism is pleased to announce the signing of a non-binding MOU with a CSE-listed company. (nDatalyze Corp: NDAT:cse, NDATF:otcpk). This RTO will not only provide Prism direct access to public capital markets to fund its pilot project but also offer liquidity opportunities for existing shareholders, enhancing Prism’s future growth and investor alignment. The mechanics of the transaction are summarized here…www.stockwatch.com

 “Like other Canadian private companies, PRISM has found investors have been reluctant to invest in private companies.  PRISM has a world-class critical mineral resource and this is the right time to go public and advance the project,” PRISM CEO John Merritt explains. “Public resource companies with advanced stage projects, such as PRISM, are getting attention and good valuations for their projects.  We intend work quickly to move towards a definitive agreement and complete the go public transaction, subject to Exchange and regulatory approval.”

PRISM aims to raise $2 million to enable completion of a Pilot plant that will demonstrate the innovative Altatude Reductive Chlorination Process (ARCP) that PRISM will use to liberate iron from its polymetallic ironstone ore. Inquiries relating to participating in the planned funding round can be made to PRISM’s CEO, john@prismdiversified.com. 

Existing PRISM shareholders are advised that updates on this transaction will be published on this www.prismdiversified.com/news  page.