DelphX Announces Non-Brokered Unit Private Placement and Warrant Extension

Executive Summary

• DelphX Capital Markets Inc. announced a non‑brokered private placement of 2,800,000 units at C$0.04 per unit, targeting gross proceeds of C$112,000.
• Each unit consists of one common share and one warrant to purchase an additional common share at $0.07 for two years.
• The company also seeks TSX Venture Exchange approval to extend the exercise period of 5,422,221 existing warrants by one year to December 7, 2026.

Key Details

• Units Offered: 2,800,000 units at C$0.04 per unit → Gross proceeds: C$112,000.
• Unit Composition: 1 common share + 1 warrant (exercise price $0.07, two‑year term).
• Hold Period: Securities subject to a four‑month plus one day hold period from issuance.
• Use of Proceeds: Net proceeds will be used for general corporate purposes.
• Warrant Extension Request: Extend exercise period of 5,422,221 share purchase warrants (originally exercisable at $0.15) by one year to Dec 7 2026; other terms unchanged.
• Related‑Party Transaction: 1,611,111 of the warrants are held by related parties; exemption from formal valuation/minority approval applies as fair market value ≤ 25% of market cap.
• Regulatory Conditions: Completion subject to TSX Venture Exchange approval; warrant extension also subject to exchange acceptance.

Notable Quotes

(No executive quotes were provided in the release.)