DelphX revises private placement, drops convertible debenture plan

DelphX Capital Markets Inc. (TSXV: DELX) (OTCQB: DPXCF) has revised the terms of a non-brokered financing it announced on July 20, 2026, dropping the convertible debenture component and proceeding only with a unit private placement.

According to a press release, the company now plans to offer up to 8,000,000 units at a subscription price of $0.01 per unit, for gross proceeds of up to $80,000. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share at an exercise price of $0.06, exercisable for two years from the date of issuance.

DelphX said it may pay finders' fees to eligible finders, with details to be announced at a later date. The offering is subject to approval from the TSX Venture Exchange, and securities issued will be subject to a hold period of four months plus one day from the date of issuance.

The company intends to use net proceeds for general corporate purposes.

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