DELPHX ANNOUNCES CLOSING OF NON-BROKERED UNIT PRIVATE PLACEMENT

Executive Summary

• DelphX Capital Markets Inc. closed a non‑brokered private placement of 4,100,000 units at C$0.05 per unit, raising gross proceeds of C$205,000.
• Each unit includes one common share and one warrant to purchase an additional common share at $0.08 for two years.
• Net proceeds will be used for working capital and corporate overhead; securities are subject to a four‑month hold period and TSX Venture Exchange approval.

Key Details

• Units Issued: 4,100,000 units (each unit = 1 common share + 1 warrant).
• Subscription Price: C$0.05 per unit.
• Gross Proceeds: C$205,000.
• 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 hold period of four months plus one day from the date of issuance.
• Regulatory Condition: Closing subject to approval by the TSX Venture Exchange.
• Use of Proceeds: Net proceeds earmarked for working capital and corporate overhead expenses.

Notable Quotes

(No executive quotes were included in the release.)