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 tranche of a non-brokered private placement, issuing 714,286 units at C$0.07 per unit for gross proceeds of C$50,000. The total offering now stands at 7,276,428 units raising $509,350. Each unit consists of one common share and one warrant exercisable at $0.08 for five years.
March 24, 2025 | 5:15 pm
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POSITIVE IMPACT
Additional private placement units will provide general corporate funding for DelphX's structured product development in fixed income markets.
The successful over-subscribed private placement indicates investor confidence and provides additional capital for corporate operations, which could positively impact stock performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100