DelphX Announces Non-Brokered Unit Private Placement

Executive Summary

• DelphX Capital Markets Inc. announced a non‑brokered private placement of up to 3,000,000 units at C$0.05 per unit, targeting gross proceeds of C$150,000.
• Each unit consists of one common share and one warrant allowing purchase of an additional common share at $0.08 for two years.
• Net proceeds are earmarked for working capital and corporate overhead; the offering is subject to TSX Venture Exchange approval and includes a four‑month hold period plus one day.

Key Details

• Offering Size: Up to 3,000,000 units (each unit = 1 common share + 1 warrant).
• Subscription Price: C$0.05 per unit → Gross Proceeds: C$150,000.
• Warrant Terms: Right to purchase one additional common share at $0.08 per share; exercisable for two years from issuance.
• Hold Period: Securities subject to a hold period of four months plus one day from the date of issuance.
• Regulatory Condition: Completion pending approval by the TSX Venture Exchange.
• Insider Participation: DelphX insiders may participate, subject to compliance with the company’s insider trading policy.
• Use of Proceeds: Net proceeds will be used for working capital and corporate overhead purposes.

Notable Quotes

(No direct quotes from executives were provided in the release.)