DelphX Capital Markets updates on C$85,000 private placement at C$0.01 per unit
Reuters2026/08/24 20:38- DelphX clarified two private placements, raising gross proceeds of C$125,000 through unit issuances closed June 30, 2026 and Aug. 5, 2026.
- June 30 financing issued 2,000,000 units at C$0.02; each unit includes one share and one warrant.
- Aug. 5 financing issued 8,500,000 units at C$0.01; each warrant exercisable at C$0.06 for two years.
- An insider bought 1,500,000 units in the Aug. 5 placement, making it a related-party transaction under MI 61-101.
- Second placement included C$700 finder’s fees, 70,000 finder’s warrants; proceeds earmarked for general corporate purposes and working capital.
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