DelphX Launches C$56,000 Private Placement Offering
DelphX Capital Markets (TSXV:DELX) has announced a non-brokered private placement offering of up to 5.6 million units at C$0.01 each, aiming for gross proceeds of up to C$56,000. Each unit consists of one common share and one warrant exercisable at C$0.06 per share within two years from the date of issuance. The funds raised will primarily be used for working capital and corporate overhead expenses. The company has specified that no more than 10% of gross proceeds, or up to C$5,600, may be allocated toward investor relations activities.
Tickers: $DPXCF
Topics: capital raise financing private placement