DelphX Announces Closing of Non-Brokered Unit Private Placement

Executive Summary

• DelphX Capital Markets Inc. closed a non‑brokered private placement of 1,250,000 units at C$0.04 per unit, raising gross proceeds of C$50,000.
• Each unit includes one common share and one warrant to purchase an additional common share at $0.06 for two years.
• Net proceeds will be used for working capital and corporate overhead; securities are subject to a four‑month hold period and TSX Venture Exchange approval.

Key Details

• Units Issued: 1,250,000 units (each = 1 common share + 1 warrant).
• Subscription Price: C$0.04 per unit.
• Gross Proceeds: C$50,000.
• Warrant Terms: Right to purchase one common share at $0.06 per share; exercisable for two years from issuance.
• Hold Period: Four months plus one day from the date of issuance.
• Use of Proceeds: Working capital and corporate overhead.
• Regulatory Condition: Completion subject to TSX Venture Exchange approval.

Notable Quotes

(No executive quotes were included in the release.)