Delphx arranges $150,000 private placement

Executive Summary

• Delphx Capital Markets Inc. announced a non-brokered private placement of up to three million units at $0.05 per unit, targeting gross proceeds of $150,000.
• Each unit consists of one common share and one common share purchase warrant, with warrants exercisable at $0.08 per share for two years.
• The net proceeds are intended for working capital and corporate overhead, subject to TSX Venture Exchange approval.

Key Details

• Transaction Type: Non-brokered private placement.
• Units Offered: Up to 3,000,000 units.
• Subscription Price: $0.05 per unit.
• Gross Proceeds: $150,000.
• Unit Composition: Each unit comprises one common share and one common share purchase warrant.
• Warrant Terms:
  • Exercise Price: $0.08 per common share.
  • Duration: Two years from the date of issuance.
  • Entitlement: One common share per warrant.
• Use of Proceeds: Working capital and corporate overhead.
• Regulatory Conditions: Completion is subject to approval by the TSX Venture Exchange.
• Hold Period: Securities are subject to a hold period of four months plus one day from the date of issuance.
• Insider Participation: Delphx insiders may participate, subject to compliance with the company's insider trading policy.