DelphX Announces Closing of Additional Units in Over-Subscribed Non-Brokered Unit Private Placement
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DelphX Capital Markets Inc. has completed an additional unit issuance in its non-brokered private placement, raising C$50,000. The company issued 714,286 units at C$0.07 per unit, bringing the total offering to 7,276,428 units and aggregate proceeds of $509,350. Each unit consists of one common share and one warrant exercisable at $0.08 for five years.
March 24, 2025 | 5:00 pm
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POSITIVE IMPACT
The additional unit placement provides DelphX with extra capital for general corporate purposes, potentially supporting its structured products development.
The successful over-subscribed private placement indicates investor confidence and provides additional working capital, which could positively impact the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100