DelphX Capital Markets Inc. announced a non brokered private placement to issue 3,904,166 units at an issue price of CAD 0.12 per Unit, for gross proceeds of CAD 468,499.92 on January 30, 2024. Each Unit consists of one common share and one Common Share purchase warrant. Each Warrant entitles the holder to purchase one Common Share at a price of CAD 0.20, for a period of two years from the date of issuance. In connection with the Offering, the company paid CAD 8,400 in cash and issue 70,000 finders? warrants to AlphaNorth Asset Management, an eligible finder. The Finders? Warrants will be exercisable at CAD 0.20 each for a period of two years after issuance. The Offering has been conditionally accepted by the TSX Venture Exchange, and completion of the Offering is subject to the fulfilment or satisfaction of certain customary requirements and final acceptance by the TSX Venture Exchange. The securities issued pursuant to the Offering will be subject to a hold period of four months plus one day from the date of issuance. The transaction was oversubscribed. The transaction included participation from certain insiders for 1,208,333 Units for the gross proceeds of CAD 144,999.96.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 11 placees and 2 existing insiders.