DeepMarkit Announces Proposed Private Placement

(via TheNewswire)

Calgary, Alberta -TheNewswire -October 16, 2023 -DeepMarkit Corp., (“DeepMarkit” or the “Company”) (TSXV:MKT) (OTC:MKTDF) (FRA:DEP) is pleased to announce that it plans to complete a non-brokered private placement of up to 2,500,000 units (the “Units”) of DeepMarkit at a price of $0.10 per Unit for aggregate gross proceeds of up to a maximum of $250,000 (the “Offering”).  There is no minimum Offering.  The Units will be comprised of one (1) common share (“Common Share”) and one (1) share purchase warrant (“Warrant”) of DeepMarkit. Each Warrant entitles the holder thereof to purchase one Common Share for $0.20 expiring one (1) year from the date of the closing of the Offering.

 

DeepMarkit may pay a cash commission or finder's fee to qualified non-related parties of up to 8% of the gross proceeds of the Offering (up to $20,000), payable in cash or in Units at the discretion of the finder, and broker warrants (the “Broker Warrants”) equal to up to 8% of the number of Units sold in the Offering (up to 200,000 Broker Warrants). Each Broker Warrant will entitle the holder to acquire one Common Share at a price of $0.10 per Broker Warrant for a period of one (1) year from the date of issuance.

 

DeepMarkit intends to use the net proceeds of the Offering for general working capital purposes.

Completion of the Offering is subject to regulatory approval including, but not limited to, the approval of the TSX Venture Exchange. The Common Shares and Warrants issued will be subject to a four month hold period from the date of the closing of the Offering.

ABOUT DEEPMARKIT

 

DeepMarkit Corp. is a technology company focused on democratizing access to the voluntary carbon offset market by minting offsets into NFTs. Its common shares are listed on the TSX Venture Exchange under the “MKT” stock symbol, on the OTC market in the United States under the “MKTDF” symbol and on the Frankfurt Stock Exchange under the “DEP” symbol. DeepMarkit Corp. is a software infrastructure company operating in the tokenization vertical of the blockchain. Its primary asset, MintCarbon.io, is a web-based platform that facilitates the minting of carbon offsets into NFTs (based on the ERC-1155 standard) or other secure tokens (based on the ERC-20 standard).

 

On behalf of:

 

DEEPMARKIT CORP.

 

"Ranjeet Sundher"

Ranjeet Sundher, CEO

 

For more information, please contact:

 

Ranjeet Sundher, CEO

Tel: [phone]

Email:[e-mail]

Web:www.deepmarkit.com/

Twitter: @DeepMarkit

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.

 

CAUTIONARY STATEMENT

 

Statements in this news release may contain forward-looking information. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements, including statements relating to the completion of the Offering and the uses of proceeds for the Offering. The reader is cautioned that assumptions used in the preparation of anyforward-lookinginformation may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of DeepMarkit.  Additional information regarding risks and uncertainties of the Company's business are contained under the heading "Business Risks and Uncertainties" in the Company's MD&A in respect of the interim period ended March 31, 2022 and the Company's other public filings which are available under the Company's profile on SEDAR at www.sedar.com.Various factors can cause the actual results to differ materially from those in forward-looking statements. The reader is cautioned not to place undue reliance on any forward-looking information.

 

The forward-looking statements contained in this news release are made as of the date of this news release and DeepMarkit does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as required by securities law.

 

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