DelphX Capital Markets (TSE:DELX) has released an update.
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DelphX Capital Markets Inc. has finalized a non-brokered private placement, raising C$212,000 by issuing 2.65 million units at C$0.08 each, with each unit comprising a share and a five-year warrant. Insider participation in the offering is deemed a related party transaction, but falls within exemption limits. The proceeds are earmarked for general corporate purposes, pending customary approvals and a four-month holding period.
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