Delphx arranges $50,000 private placement

Executive Summary

• Delphx Capital Markets Inc. announced a non-brokered private placement of 1.25 million units at a price of $0.04 per unit, raising gross proceeds of $50,000.
• Each unit consists of one common share and one common share purchase warrant, with warrants exercisable at $0.06 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: 1,250,000 units.
• Subscription Price: $0.04 per unit.
• Gross Proceeds: $50,000.
• Unit Composition: Each unit comprises one common share and one common share purchase warrant.
• Warrant Terms: Each warrant entitles the holder to purchase one common share at an exercise price of $0.06.
• Warrant Expiration: Two years from the date of issuance.
• 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.

Notable Quotes

• None provided in the text.