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DelphX Announces Fully-Subscribed Non-Brokered Private Placement
DelphX Announces Fully-Subscribed Non-Brokered Private Placement Canada NewsWire ...
About this update from Delphx Capital Markets, Inc.
[{"type":"text","content":"\n\n\n\nDelphX Announces Fully-Subscribed Non-Brokered Private Placement\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, May 3, 2019\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\n TORONTO, May 3, 2019 /CNW/ - DelphX Capital Markets Inc. (TSXV: DELX) (\"DelphX\") announced today that it intends to proceed with a non-brokered private placement (the \"Offering\") of 9,077,500 units (the \"Units\") at a subscription price of C$0.20 per Unit, for gross proceeds of C$1,815,500.  Each Unit will consist of one common share (\"Common Share\") of DelphX and one share purchase warrant (\"Warrant\").  Each Warrant will entitle the holder to purchase one Common Share at a price of $0.30, for a period of 2 years from the date of issue.  The Offering is fully-subscribed and no further Units will be issued.\nIn connection with the Offering, DelphX may pay to eligible finders, cash finder's fees of up to 7% of the gross proceeds received and may issue finders' warrants (the \"Finders' Warrants\") of up to 7% of the Units placed.  The Finders' Warrants will be exercisable at $0.30 each for a period of 2 years after issuance. \nCompletion of the Offering is subject to the approval of the TSX Venture Exchange. The securities issued pursuant to the Offering will be subject to a hold period of four months and a day from the date of closing.\nThe Units have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities herein described, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.\nDelphX intends to use the net proceeds from the Offer...