DelphX Capital Markets
Source: DelphX Capital Markets Inc.
  • DelphX Capital Markets (DELX) has closed a private placement for gross proceeds of C$1,096,200
  • The company issued 4,982,727 units priced at C$0.22 per unit
  • DelphX intends to use the net proceeds for working capital and general corporate purposes
  • DelphX is a technology and financial services company
  • Shares of DelphX Capital Markets are down 10.87 per cent on the day, trading at $0.205 at 1:15 pm ET

DelphX Capital Markets (DELX) has closed a private placement for gross proceeds of C$1,096,200.

The company issued 4,982,727 units priced at C$0.22 per unit,  Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one additional share at a price of $0.35, for a period of five years.

Completion of the offering is subject to the final approval of the TSXV.

The securities issued are subject to a four-month hold period.

DelphX will pay cash finder’s fees of $28,644 and issue 130,200 finders’ warrants.

DelphX intends to use the net proceeds for working capital and general corporate purposes.

DelphX is a technology and financial services company focused on developing and distributing the next generation of structured products.

Shares of DelphX Capital Markets are down 10.87 per cent on the day, trading at $0.205 at 1:15 pm ET.

More From The Market Online

Activist investor seeks to overhaul WonderFi board

KAOS Capital, an activist investor and major WonderFi (TSX:WNDR) shareholder, plans to propose five nominations to the crypto stock's board.

Neptune Digital Assets finds value in soaring crypto market

Neptune Digital Assets (TSXV:NDA) closes a value investment in Solana cryptocurrency at a 64 per cent discount to the current market price.
- Investor, Eric Sprott

Eric Sprott decreases exposure to attractive gold and PGM stock

Mining tycoon Eric Sprott allowed 12.5 million Benton Resources (TSXV:BEX) share purchase warrants to expire unexercised.

RevoluGROUP stock dips despite new strategic agreements

RevoluGROUP (TSXV:REVO) stock fell in early trading, despite adding two agreements to its string of positive news flow since changing CEOs.