Delphx Announces Non-Brokered Private Placement

Executive Summary

• DelphX Capital Markets Inc. announced a non‑brokered private placement of up to 5,000,000 units at C$0.05 per unit, targeting gross proceeds of up to C$250,000.
• Each unit consists of one common share and one warrant allowing purchase of an additional common share at C$0.08 for two years.
• Net proceeds are earmarked for general corporate purposes; the offering is subject to TSX Venture Exchange approval and includes a four‑month hold period plus one day.

Key Details

• Units Offered: Up to 5,000,000 units.
• Subscription Price: C$0.05 per unit.
• Gross Proceeds Target: Up to C$250,000.
• Unit Composition:
• 1 Common Share.
• 1 Common Share purchase warrant (exercise price C$0.08, exercisable for two years from issuance).
• Finder’s Fees: DelphX may pay fees to eligible finders; details to be announced later.
• Regulatory Conditions: Completion subject to TSX Venture Exchange approval.
• Holding Period: Securities issued will be subject to a hold period of four months plus one day from the date of issuance.
• Insider Participation: Insiders may participate, subject to compliance with the company’s insider trading policy.
• Use of Proceeds: Net proceeds will be used for general corporate purposes.

Notable Quotes

(No executive quotes were provided in the release.)