Business
DelphX Announces Changes to Management and Board of Directors, Update on Filing of Financial Statements
Toronto, Ontario--(Newsfile Corp. - June 1, 2020) - DelphX Capital Markets Inc. (TSXV: DELX...
About this update from Delphx Capital Markets, Inc.
[{"type":"text","content":"DelphX Announces Changes to Management and Board of Directors, Update on Filing of Financial StatementsToronto, Ontario--(Newsfile Corp. - June 1, 2020) - DelphX Capital Markets Inc. (TSXV: DELX) (\"DelphX\" or the \"Company\") announced today the election of Patrick Wood to the Company's Board of Directors and as President and Chief Executive Officer. Mr. Wood's appointment is subject to approval by the TSX Venture Exchange. He assumes the role from Patricia Ziegler who has resigned from her position as a director and President and Chief Executive Officer. Mr. Wood is a technology industry veteran who brings more than 25 years of experience in the capital markets and emerging technology sector to his new role at DelphX. He is the Founder of Tormont Group, a cross border Advisory celebrating its 6th year as an active participant in North American markets. Prior to Tormont Group, Mr. Wood held a Managing Directors role at Loewen Ondaatje McCutcheon, and Vice President role at BMO Nesbitt Burns, and CIBC World Markets.\"On behalf of the DelphX team, I would like to thank Patricia for her leadership during a challenging transitional period. I have been involved with DelphX for close to four years as an advisor and investor, so this will be a seamless transition to bring this technology to market,\" explained DelphX CEO Wood. \"We have a revolutionary capital markets platform at the commercial stage, so the final step is to go live with participating parties. I am looking forward to helping the Company reach that objective as quickly as possible.\"Update on Filing of Financial Statements:Operationally, DelphX is also reporting that the filing of its audited annual financial statements, management's discussion and analysis and related CEO and CFO certifications for the financial year ended December 31, 2019 (the \"Annual Filings\"), will be delayed beyond the filing deadline of June 13, 2020 (as extended pursuant to Ontario Instrument 51-502 Temporary Exemption from Certain Corporate Finance Requirements). DelphX's filing of its first quarter interim financial statements, management's discussion and analysis and related CEO and CFO certifications (the \"Interim Filings\") will also be delayed beyond the extended filing deadline of July 14, 2020. The Company recently completed a private placement raising the funds necessary to complet...