Business
Correction: DeepMarkit Announces Closing of Second Tranche of Private Placement
(TheNewswire) Calgary, Alberta – July 29, 2024 – TheNewswire – ...
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[{"type":"text","content":"Correction: DeepMarkit Announces Closing of Second Tranche of Private Placement\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Calgary, Alberta – July 29, 2024\n–\n \n\n TheNewswire –\n \n\n DeepMarkit Corp.,\n(“DeepMarkit” or the “Company”) (TSXV: MKT) (OTC: MKTDF) (FRA:\nDEP\n \n\n )\n \n\n wishes to issue this correction of a press release which was issued on\nFriday, July 26, 2024. In the third paragraph of original press\nrelease, the number of Broker Warrants was stated to be 4,200, the\ncorrect number should be 42,000. Please see paragraph four below which\ncontains the correct information.\n \n\n\n\n DeepMarkit is pleased to announce the closing of the\nsecond tranche of its previously announced (May 15, 2024 and June 26,\n2024) private placement of units (the \"\n \n\n Offering\n \n\n \").\n \n\n\n\n Pursuant to the closing of the second tranche of the\nOffering, the Company issued\n \n\n 700,000\n \n\n units (\"\n \n\n Units\n \n\n \") for a\nprice of $0.10 per Unit, for gross proceeds of $\n \n\n 70,000.\n \n\n Each Unit is comprised of one\ncommon share of DeepMarkit (each, a \"\n \n\n Common Share\n \n\n \")\nand one Common Share purchase warrant (each, a \"\n \n\n Warrant\n \n\n \").\n Each Warrant will entitle the holder to purchase one additional\nCommon Share at an exercise price of $0.20 for a period of two (2)\nyears from the date of issuance.\n \n\n\n\n Finder’s fees of $4,200 in cash were paid to\n \n\n Raymond James Ltd. in connection with this\nsecond tranche of the Private Placement:  In addition,\n \n\n 42,000 broker’s warrants (each a “\n \n\n Broker’s Warrant\n \n\n ”) were issued to\n \n\n Raymond James Ltd.\n \n\n each Broker's Warrant entitling the holder\nthereof to receive one (1) common share at a price of $0.145 per\nCommon Share.\n \n\n\n\n DeepMarkit intends to use the net proceeds of the\nOffering for general working capital purposes.\n \n\n\n\n Completion of the private placement is subject to\nregulatory approval, including approval of the TSX Venture Exchange\nInc. (the “Exchange”).\n \n\n The Common Shares,\nWarrants and\n \n\n Broker\n \n\n ’s\nWarrant\n \n\n issued will be subject to a four-month\nhold period from the date of ...