DelphX plans private placement to raise C$75,000

DelphX Capital Markets Inc. (TSXV: DELX) (OTCQB: DPXCF) announced plans to proceed with a non-brokered private placement offering of 1,500,000 units at C$0.05 per unit, targeting gross proceeds of C$75,000.

Each unit consists of one common share and one warrant. The warrants allow holders to purchase one common share at $0.08 within two years of issuance.

An insider will purchase 1,000,000 units in the offering, making it a related party transaction under Multilateral Instrument 61-101. DelphX stated it will rely on exemptions from formal valuation and minority approval requirements, as the fair market value and consideration will not exceed 25% of the company's market capitalization.

The company will pay cash finder's fees and issue finder's warrants exercisable at $0.08 each for two years. The offering requires TSX Venture Exchange approval, and securities will be subject to a four-month and one-day hold period.

DelphX plans to use net proceeds for general corporate purposes. The Toronto-based company develops structured products through its special purpose vehicle Quantem LLC, enabling broker dealers to offer private placement securities for fixed income and cryptocurrency solutions.

The company's products include collateralized put options providing rating downgrade protection for corporate bonds and cryptocurrency holdings, and collateralized reference notes allowing investors to take capped exposure to rating downgrades or cryptocurrency losses for returns. All products are fully collateralized and held in custody by US Bank.

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