- DelphX Capital Markets (DPXCF, Financial) has finalized a non-brokered private placement raising C$150,570.
- A total of 2,151,000 units were issued at C$0.07 per unit, with each unit comprising one common share and one warrant exercisable at $0.20 for five years.
- Company insiders subscribed to 721,000 units, signaling confidence in DelphX's prospects.
DelphX Capital Markets Inc. (DPXCF), a pioneer in developing new structured products for the fixed income market, has successfully closed a non-brokered private placement, raising a total of C$150,570. The company issued 2,151,000 units at a subscription price of C$0.07 each.
Each unit in the offering includes one common share and a purchase warrant, allowing the holder to acquire one additional common share at a price of $0.20 for a period of five years. Insiders demonstrated their confidence in DelphX by participating significantly, subscribing for 721,000 units in this placement.
In conjunction with the offering, DelphX will disburse cash finder’s fees of $3,533 and issue 50,470 finders' warrants to AlphaNorth Asset Management. These finders' warrants are also exercisable at $0.20 each for a five-year term.
The securities from this offering are subject to a four-month plus one-day hold period, complying with regulatory requirements, and the transaction is pending TSX Venture Exchange approval. The funds raised are earmarked for general corporate purposes, enabling DelphX to continue its strategic initiatives and enhance its capital reserves.
