DelphX Announces Non-Brokered Unit Private Placement

Executive Summary

• DelphX Capital Markets Inc. announced a non‑brokered private placement of 1,200,000 units at C$0.05 per unit for gross proceeds of C$60,000.
• Each unit consists of one common share and one warrant to purchase an additional common share at $0.08 for two years.
• Net proceeds will be used for general corporate purposes; the offering is subject to TSX Venture Exchange approval and a four‑month hold period.

Key Details

• Units Offered: 1,200,000 units (each unit = 1 Common Share + 1 Warrant).
• Subscription Price: C$0.05 per unit → Gross Proceeds: C$60,000.
• Warrant Terms: Right to purchase one Common Share at $0.08 per share; exercisable for two years from issuance.
• Hold Period: Securities subject to a lock‑up of four months plus one day from the date of issuance.
• Closing Conditions: Completion pending approval by the TSX Venture Exchange.
• Use of Proceeds: General corporate purposes.

Notable Quotes

(No executive quotes were included in the release.)