- DelphX Capital Markets (OTCQB: DPXCF) announces a non-brokered private placement of 2,151,000 units at C$0.07 per unit.
- The offering aims to raise C$150,570, with each unit including a common share and a warrant exercisable at $0.20 for five years.
- Approval from the TSX Venture Exchange is pending, and a four-month plus one-day hold period applies.
DelphX Capital Markets Inc. (OTCQB: DPXCF), committed to advancing structured products for the fixed income market, has declared its plans for a non-brokered private placement offering comprising 2,151,000 units at a subscription price of C$0.07 per unit. This initiative is set to generate gross proceeds of C$150,570.
Each unit in the offering will include one common share and one warrant, with the warrant empowering its holder to buy a common share at $0.20 per share, exercisable over a five-year period following the issuance date.
As part of the offering, DelphX will allocate cash finder's fees and issue finders' warrants, exercisable at $0.20 each for five years, to eligible finders. Completion of this offering is contingent upon receiving approval from the TSX Venture Exchange. The securities issued will adhere to a four-month plus one-day hold period from their issuance date.
The proceeds from this offering are intended for general corporate purposes, and company insiders may participate, complying with DelphX's insider trading policy.
For more insights into structured products and the company's future initiatives, please visit the DelphX website.
