DelphX Announces the Issuance of Shares for Services
DelphX Capital Markets (TSXV: DELX) (OTCQB: DPXCF) announces the issuance of 428,571 common shares at a deemed price of C$0.14 per share to a consultant. The shares, valued at C$60,000, are being issued as payment for services related to the Company's Credit Rating Security (CRS) product, including refinement of pricing models, preparation of presentations, and assistance with broker dealer negotiations. Following the issuance, which requires TSX Venture Exchange approval, DelphX will have 182,102,033 common shares outstanding.
DelphX Capital Markets (TSXV: DELX) (OTCQB: DPXCF) annuncia l'emissione di 428.571 azioni ordinarie a un prezzo considerato di C$0,14 per azione a un consulente. Le azioni, valutate C$60.000, vengono emesse come pagamento per servizi relativi al prodotto di Rating di Credito (CRS) della Società, inclusi il perfezionamento dei modelli di prezzo, la preparazione di presentazioni e l'assistenza nelle negoziazioni con i broker-dealer. Dopo l'emissione, che richiede l'approvazione della Borsa di Toronto Venture Exchange, DelphX avrà 182.102.033 azioni ordinarie in circolazione.
DelphX Capital Markets (TSXV: DELX) (OTCQB: DPXCF) anuncia la emisión de 428,571 acciones ordinarias a un precio considerado de C$0.14 por acción para un consultor. Las acciones, valoradas en C$60,000, se emiten como pago por servicios relacionados con el producto de Calificación de Crédito (CRS) de la Compañía, incluyendo el refinamiento de modelos de precios, la preparación de presentaciones y la asistencia en negociaciones con corredores de bolsa. Tras la emisión, que requiere la aprobación de la Bolsa de Valores de Toronto Venture Exchange, DelphX tendrá 182,102,033 acciones ordinarias en circulación.
델프X 캐피탈 마켓(상장 코드: DELX, OTCQB: DPXCF)이 428,571주 보통주를 C$0.14의 가격으로 컨설턴트에게 발행하였다고 발표했습니다. 이 보통주는 C$60,000으로 평가되며, 회사의 신용 등급 보안(CRS) 제품과 관련된 서비스에 대한 보상으로 발행됩니다. 이는 가격 모델의 개선, 프레젠테이션 준비, 브로커 딜러 협상 지원 등을 포함합니다. 발행 후, 토론토 벤처 거래소의 승인이 필요한 이 과정은 델프X가 182,102,033주 보통주가 유통될 것임을 의미합니다.
DelphX Capital Markets (TSXV: DELX) (OTCQB: DPXCF) annonce l'émission de 428 571 actions ordinaires à un prix jugé de C$0,14 par action à un consultant. Les actions, évaluées à C$60 000, sont émises en paiement de services liés au produit de Sécurité de Notation de Crédit (CRS) de la Société, notamment le perfectionnement des modèles de tarification, la préparation de présentations et l'assistance aux négociations avec les courtiers. Suite à cette émission, qui nécessite l'approbation de la Bourse de Toronto Venture Exchange, DelphX disposera de 182 102 033 actions ordinaires en circulation.
DelphX Capital Markets (TSXV: DELX) (OTCQB: DPXCF) gibt die Ausgabe von 428.571 Stammaktien zu einem angenommenen Preis von C$0,14 pro Aktie an einen Berater bekannt. Die Aktien, die mit C$60.000 bewertet werden, werden als Zahlung für Dienstleistungen im Zusammenhang mit dem Produkt der Kreditratingsicherheit (CRS) des Unternehmens ausgegeben, einschließlich der Verfeinerung von Preismodellen, der Vorbereitung von Präsentationen und der Unterstützung bei Broker-Dealer-Verhandlungen. Nach der Ausgabe, die die Genehmigung der TSX Venture Exchange erfordert, wird DelphX 182.102.033 Stammaktien ausstehen haben.
- None.
- Share issuance will cause dilution to existing shareholders
- Company using shares instead of cash to pay for services, potentially indicating cash conservation needs
Toronto, Ontario--(Newsfile Corp. - November 27, 2024) - DelphX Capital Markets Inc. (TSXV: DELX) (OTCQB: DPXCF) ("DelphX" or the "Company"), a leader in the development of new classes of structured products for the fixed income market, announces that pursuant to an agreement with a consultant for services in connection with refining the pricing model for the Company's Credit Rating Security ("CRS") product, assisting in preparing presentations and materials for users of CRS, and assisting with the negotiation of terms and conditions with broker dealers on pricing of CRS, the Company will issue 428,571 common shares (the "Common Shares") to the consultant in satisfaction of the C
The Common Shares will be issued at a deemed price of
The issuance of Common Shares will not result in a new control person, and subsequent to the issuance, DelphX will have 182,102,033 common shares outstanding.
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.
George Wentworth, General Manager
DelphX Capital Markets Inc.
george.wentworth@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/231722
FAQ
How many shares is DelphX (DPXCF) issuing for consulting services in November 2024?
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What services is DelphX (DPXCF) paying for with the share issuance?
