DelphX Capital Markets Completes Oversubscribed Placement

DelphX Capital Markets (TSE:DELX) has released an update.

DelphX Capital Markets Inc. has successfully completed an oversubscribed non-brokered private placement, raising C$539,000 through the issuance of units that combine common shares and warrants. The company will use the proceeds for general corporate purposes, with insiders participating significantly in the offering. Finders’ fees were paid in cash and warrants to two financial services firms as part of the deal.

For further insights into TSE:DELX stock, check out TipRanks’ Stock Analysis page.