18:10:39 EDT Wed 15 May 2024
Enter Symbol
or Name
USA
CA



DeepMarkit Corp (4)
Symbol MKT
Shares Issued 4,246,572
Close 2023-10-12 C$ 0.16
Market Cap C$ 679,452
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DeepMarkit arranges $250,000 private placement

2023-10-16 16:39 ET - News Release

Mr. Ranjeet Sundher reports

DEEPMARKIT ANNOUNCES PROPOSED PRIVATE PLACEMENT

DeepMarkit Corp. plans to complete a non-brokered private placement of up to 2.5 million units of DeepMarkit at a price of 10 cents per unit for aggregate gross proceeds of up to a maximum of $250,000. There is no minimum offering. The units will be composed of one common share and one share purchase warrant of DeepMarkit. Each warrant entitles the holder thereof to purchase one common share for 20 cents expiring one 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 per cent 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 equal to up to 8 per cent 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 10 cents per broker warrant for a period of one 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 Corp.

DeepMarkit is a technology company focused on democratizing access to the voluntary carbon offset market by minting offsets into non-fungible tokens. 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 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).

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