Northwire Canada EditionTuesday, October 20, 2026
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Financings

DelphX Announces Non-Brokered Unit Private Placement

DELX · Price

Executive Summary

  • DelphX Capital Markets Inc. announced a non‑brokered private placement of 1,250,000 units at C$0.04 per unit for gross proceeds of C$50,000.
  • Each unit consists of 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 plus one day.

Key Details

  • Units Offered: 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.)

Read the original news release →

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