Source: DelphX Capital Markets Inc.
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  • 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.

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