DelphX Capital Markets Inc.: DelphX Closes Over-Subscribed Non-Brokered Unit Financing
DelphX Capital Markets Inc.
Offering ) of 5,700,000 units (the
Units ) at a subscription price of C$0.10 per Unit, for gross proceeds of C$570,000. Each Unit consists of one common share (
Common Share ) of DelphX and one share purchase warrant (
Warrant ). Each Warrant entitles the holder to purchase one Common Share at a price of $0.15, for a period of 5 years from the date of issue.
Insiders participated in the Offering subscribing for 1,600,000 Units, and as a result the Offering is considered a related party transaction within the meaning of Multilateral Instrument 61-101