Business
DeepMarkit Announces Closing of Private Placement
(TheNewswire) Calgary, Alberta – June 26, 2024 – TheNewswire – ...
About this update from Prospect Prediction Markets Inc.
[{"type":"text","content":"DeepMarkit Announces Closing 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 – June 26, 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 is\npleased to announce the closing of its previously announced private\nplacement of units (the \"\n \n \n Offering\n \n \n \").\n \n \n \n \n Pursuant to the closing of the Offering, the Company\nissued\n \n \n 1,730,000\n \n \n units\n(\"\n \n \n Units\n \n \n \") for a price of $0.10 per Unit, for gross proceeds of\n$\n \n \n 173,000.\n \n \n Each Unit\ncomprises one common 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 Aggregate finder’s fees of $9,310 in cash were paid\nto certain finders\n \n \n in connection with the\nPrivate Placement: EMD Financial Inc. - $2,310 and Raymond James Ltd.\n- $7,000. In addition,\n \n \n an aggregate of 93,100\nbroker’s warrants (each a “\n \n \n Broker’s Warrant\n \n \n ”) were issued, each\nBroker's Warrant entitling the holder thereof to receive one (1)\ncommon share at a price of  $0.10 per Common Share with respect to\nthe  23,100 Broker's Warrants held by\n \n \n EMD\nFinancial Inc., and $0.16\n \n \n per Common Share with\nrespect to the  70,000 Broker's Warrants held by\n \n \n Raymond James Ltd.\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\nWarrants\n \n \n issued are subject to a four-month hold\nperiod from the date of the closing of the Offering.\n \n \n \n \n \n About\nDeepMarkit\n \n \n \n \n \n DeepMarkit Corp. is a technology company that operate...