DelphX Announces Non-Brokered Unit Private Placement

Executive Summary

• DelphX Capital Markets Inc. announced a non‑brokered private placement of 1,500,000 units at C$0.05 per unit, targeting gross proceeds of C$75,000.
• Each unit consists of one common share and one warrant to purchase an additional common share at $0.08 for two years; finders’ warrants will also be issued at $0.08.
• An insider will subscribe for 1,000,000 units, making the offering a related‑party transaction that relies on MI 61‑101 exemptions; net proceeds are earmarked for general corporate purposes.

Key Details

• Units Offered: 1,500,000
• Subscription Price: C$0.05 per unit (gross proceeds of C$75,000)
• Unit Composition: 1 common share + 1 common‑share purchase warrant
• Warrant Exercise Price: $0.08 per share; exercisable for two years from issuance
• Insider Participation: Insider subscribing for 1,000,000 units (≈ 66.7% of total) – qualifies as a related‑party transaction under MI 61‑101 and TSXV Policy 5.9.
• Exemptions Relied Upon: Sections 5.5(a) and 5.7(1)(a) of MI 61‑101 (fair market value and cash consideration each < 25% of market cap).
• Finders’ Compensation: Cash finder's fees plus issuance of finders’ warrants exercisable at $0.08 for two years.
• Regulatory Conditions: Completion subject to TSX Venture Exchange approval; securities subject to a hold period of four months + one day from issuance.
• Use of Proceeds: General corporate purposes.

Notable Quotes

(No executive quotes were provided in the release.)