DelphX Announces Closing of Non-Brokered Unit Private Placement
DelphX Capital Markets Inc. (TSXV: DELX) (OTCQB: DPXCF) has successfully closed its over-subscribed non-brokered private placement, raising C$539,000 by issuing 4,491,666 units at C$0.12 per unit. Each unit comprises one common share and one warrant, with warrants exercisable at C$0.25 for five years. Insiders participated in the offering, subscribing for 666,666 units. The company will pay cash finder's fees totaling C$37,730 and issue 314,417 finders' warrants to eligible finders. The offering is subject to final TSX Venture Exchange approval, with securities having a four-month plus one-day hold period. DelphX plans to use the net proceeds for general corporate purposes.
DelphX Capital Markets Inc. (TSXV: DELX) (OTCQB: DPXCF) ha chiuso con successo il suo collocamento privato non mediato e sovrascritto, raccogliendo C$539,000 mediante l'emissione di 4,491,666 unità a C$0.12 per unità. Ogni unità comprende una azione ordinaria e un warrant, con warrants esercitabili a C$0.25 per cinque anni. Gli insider hanno partecipato all'offerta, sottoscrivendo 666,666 unità. L'azienda pagherà commissioni in contanti per un totale di C$37,730 e emetterà 314,417 warrant per i procacciatori ai procacciatori idonei. L'offerta è soggetta all'approvazione finale della TSX Venture Exchange, con titoli che hanno un periodo di bloccaggio di quattro mesi e un giorno. DelphX prevede di utilizzare i proventi netti per scopi aziendali generali.
DelphX Capital Markets Inc. (TSXV: DELX) (OTCQB: DPXCF) ha cerrado con éxito su colocación privada no mediada y sobre suscrita, recaudando C$539,000 mediante la emisión de 4,491,666 unidades a C$0.12 por unidad. Cada unidad consta de una acción ordinaria y un warrant, con warrants ejercitables a C$0.25 por cinco años. Los insiders participaron en la oferta, suscribiendo 666,666 unidades. La empresa pagará comisiones en efectivo por un total de C$37,730 y emitirá 314,417 warrants para los agentes a agentes elegibles. La oferta está sujeta a la aprobación final de la TSX Venture Exchange, con valores que tienen un período de retención de cuatro meses más un día. DelphX planea usar los fondos netos para propósitos corporativos generales.
DelphX Capital Markets Inc. (TSXV: DELX) (OTCQB: DPXCF)는 과잉청약된 비중개 사모 배급을 성공적으로 마감하였으며, C$539,000을 조달하고 4,491,666 유닛을 유닛당 C$0.12에 발행하였습니다. 각 유닛은 하나의 보통주와 하나의 워런트로 구성되어 있으며, 워런트는 C$0.25에 5년간 행사할 수 있습니다. 내부자들이 참여하였습니다 제공에, 666,666 유닛을 청약하였습니다. 회사는 C$37,730에 해당하는 현금 수수료를 지급하고, 적격한 발굴자에게 314,417개의 발굴자 워런트를 발행할 예정입니다. 본 제안은 최종 TSX 벤처 거래소 승인에 따라 다르며, 증권은 4개월 + 1일의 보유 기간이 적용됩니다. DelphX는 순수익을 일반 기업 용도로 사용할 계획입니다.
DelphX Capital Markets Inc. (TSXV: DELX) (OTCQB: DPXCF) a réussi à clôturer son placement privé non réalisé et sursouscrit, levant C$539,000 en émettant 4,491,666 unités à C$0.12 par unité. Chaque unité se compose d'une action ordinaire et d'un warrant, les warrants pouvant être exercés à C$0.25 pendant cinq ans. Les initiés ont participé à l'offre, souscrivant 666,666 unités. La société paiera des frais de recherche de C$37,730 en espèces et émettra 314,417 warrants pour les vérificateurs aux vérificateurs éligibles. L'offre est soumise à l'approbation finale de la TSX Venture Exchange, les titres ayant une période de blocage de quatre mois plus un jour. DelphX prévoit d'utiliser les produits nets à des fins d'entreprise générales.
DelphX Capital Markets Inc. (TSXV: DELX) (OTCQB: DPXCF) hat erfolgreich seine überzeichnete nicht vermittelte Privatplatzierung abgeschlossen und dabei C$539,000 durch die Ausgabe von 4,491,666 Einheiten zu je C$0.12 pro Einheit beschafft. Jede Einheit besteht aus einer Stammaktie und einem Warrant, wobei Warrants für C$0.25 über fünf Jahre ausgeübt werden können. Insider haben an der Platzierung teilgenommen und 666,666 Einheiten gezeichnet. Das Unternehmen wird Barfindergebühren in Höhe von insgesamt C$37,730 zahlen und 314,417 Finder-Warrants an berechtigte Finder ausgeben. Die Platzierung steht unter dem Vorbehalt der endgültigen Genehmigung durch die TSX Venture Exchange, wobei die Wertpapiere einer Sperrfrist von vier Monaten plus einem Tag unterliegen. DelphX plant, die Nettoerlöse für allgemeine Unternehmenszwecke zu verwenden.
- Over-subscribed private placement indicating strong investor interest
- Raised C$539,000 in gross proceeds
- Insider participation in the offering
- 5-year warrant term provides long-term potential for additional capital
- Dilution of existing shareholders due to new share issuance
- Additional warrants may lead to further dilution if exercised
Toronto, Ontario--(Newsfile Corp. - August 23, 2024) - DelphX Capital Markets Inc. (TSXV: DELX) (OTCQB: DPXCF) ("DelphX"), a leader in the development of new classes of structured products for the fixed income market, announces that it has closed its over-subscribed non-brokered private placement, previously announced on August 19, 2024, issuing 4,491,666 units (the "Units") at a subscription price of C
Insiders participated in the Offering subscribing for 666,666 Units, and as a result the Offering is considered a "related party transaction" within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101") and TSXV Policy 5.9 - Protection of Minority Security Holders in Special Transactions. However, DelphX has relied on the exemptions from the formal valuation and minority approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related party participation, as neither the fair market value of the securities issued to insiders nor the cash consideration paid for such securities exceeded
In connection with the Offering, DelphX will pay cash finder's fees of
The Offering has been conditionally accepted by the TSX Venture Exchange, and completion of the Offering is subject to the fulfilment or satisfaction of certain customary requirements and final acceptance by the TSX Venture Exchange. The securities issued pursuant to the Offering will be subject to a hold period of four months plus one day from the date of issuance.
DelphX intends to use the net proceeds from the Offering in connection with general corporate purposes.
About DelphX Capital Markets Inc.
DelphX is a technology and financial services company focused on developing and distributing the next generation of structured products. Through its special purpose vehicle Quantem LLC, the Company enables fixed income dealers to offer new private placement securities that provide mitigation of spread and capital charge losses when downgrades occur, while allowing for attractive returns. The new DelphX securities will enable dealers and their qualified institutional investors (QIBs) accounts to competitively structure, sell and make markets in:
- Collateralized put options (CPOs) that provide secured rating downgrade protection for underlying corporate bonds;
- Collateralized reference notes (CRNs) that enable investors to take on a capped rating downgrade exposure of an underlying security in exchange for attractive returns.
All CPOs and CRNs are fully collateralized and held in custody by BNY Mellon. CPOs and CRNs are proprietary products created and owned by DelphX Capital Markets.
For more information about DelphX, please visit www.delphx.com
Patrick Wood, Chief Executive Officer
DelphX Capital Markets Inc.
patrick.wood@delphx.com
George Wentworth, General Manager
DelphX Capital Markets Inc.
george.wenthworth@delphx.com
(718) 509-2160
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/221033
FAQ
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