- DelphX Capital Markets (OTCQB: DPXCF) raises C$152,400 through non-brokered private placement.
- Each unit priced at C$0.06 includes one share and one warrant; warrants exercisable at C$0.08 for two years.
- Proceeds to support general corporate purposes; offering subject to TSX Venture Exchange acceptance with a four-month hold.
DelphX Capital Markets Inc. (OTCQB: DPXCF), a developer of innovative structured products in the fixed income market, successfully closed a non-brokered private placement of 2,540,000 units, raising gross proceeds of C$152,400. Each unit was priced at C$0.06 and comprises one common share and one common share purchase warrant.
The warrants, which form part of the unit offering, allow holders to acquire additional common shares at a price of C$0.08 per share, valid for a period of two years from the date of issuance. This private placement is subject to customary requirements and final approval from the TSX Venture Exchange.
Securities issued from this offering are subject to a hold period of four months plus one day. DelphX plans to utilize the funds generated from this placement for general corporate purposes, furthering its strategic initiatives in structured financial product development.
