DelphX Announces Closing of Non-Brokered Unit Private Placement
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DelphX Capital Markets Inc. has successfully completed a non-brokered private placement, issuing 6,562,142 units at C$0.07 per unit, raising gross proceeds of C$459,350. Insiders participated by subscribing to 1,545,000 units, making it a related party transaction. The company will use the proceeds for general corporate purposes.
March 21, 2025 | 9:30 pm
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POSITIVE IMPACT
The private placement provides additional funding for DelphX's operations and product development in structured financial products.
The successful private placement indicates investor confidence and provides capital for corporate growth, which could positively impact stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100