DelphX Capital Markets
Source: DelphX Capital Markets Inc.
  • DelphX (DELX) has announced a C$488,000 non-brokered private placement
  • The company will offer 5,422,221 units priced at $0.09 per unit
  • Insiders participated in the offering subscribing for 1,611,111 units
  • DelphX intends to use the proceeds for working capital and general corporate purposes
  • DelphX Capital Markets is a technology and financial services company developing and distributing the next generation of structured products
  • DelphX (DELX) last closed down by 4.76 per cent trading at $0.10 per share

DelphX (DELX) has announced a C$488,000 non-brokered private placement.

The company will offer 5,422,221 units priced at $0.09 per unit.

Each unit consists of one common share and one common share purchase warrant.

Each warrant entitles the holder to purchase one common share for $0.15 for two years from the date of issuance.

Insiders participated in the offering subscribing for 1,611,111 units.

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

The company has closed its previously announced private placement of 4,825,715 units for aggregate gross proceeds of $675,600.

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

DelphX (DELX) last closed down by 4.76 per cent trading at $0.10 per share.

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