06:03:07 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Delphx Capital Markets Inc
Symbol DELX
Shares Issued 78,433,136
Close 2018-10-22 C$ 0.45
Market Cap C$ 35,294,911
Recent Sedar Documents

Delphx Capital closes $3M first phase of financing

2018-10-23 11:41 ET - News Release

An anonymous director reports

DELPHX CLOSES ON INITIAL PHASE OF PRIVATE PLACEMENT

Delphx Capital Markets Inc. has closed on more than one-third of its current round of financing at a subscription price of 50 cents per share for gross proceeds up to $3-million.

The offering consists of one common share and one-half of one share purchase warrant, with each whole warrant entitling the holder to purchase one common share at a price of 70 cents, for a period of two years from the date of closing. In the event the closing price of the Delphx shares on the TSX Venture Exchange is equal to or greater than $1.30 per share for 20 consecutive trading days at any time following such closing, however, Delphx may reduce the remaining exercise period of the warrants to a period not less than 30 days.

The securities issued in the offering are subject to a hold period of four months plus one day from the date of closing. In connection with the private placement, Delphx paid finders' fees to eligible parties.

Delphx intends to use the net proceeds from the share sale for working capital and general corporate purposes.

About Delphx Capital Markets Inc.

Delphx is a technology company focused on optimally mitigating credit risk in the global fixed-income markets. Its cloud-based solution employs proprietary distributed ledger technology, actuarial science and reinsurance protocols to facilitate broad diffusion of default risks.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.