Toronto, Ontario--(Newsfile Corp. - September 24, 2026) - DelphX Capital Markets Inc. (TSXV: DELX) (OTCQB: DPXCF) ("DelphX" or the "Company"), a leader in the development of new classes of structured products, announces a correction to its news release dated September 23, 2026 announcing the closing of its non-brokered private placement (the "Offering"). That news release incorrectly stated that the Company issued 6,100,000 units of the Company (the "Units") for aggregate gross proceeds of C$61,000.
The Company in fact issued 6,400,000 Units at a subscription price of C$0.01 per Unit for aggregate gross proceeds of C$64,000. All other terms of the Offering are unchanged and are restated below for convenience.
Each Unit consists of one common share of the Company (a "Common Share") and one Common Share purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one additional Common Share at an exercise price of C$0.06 for a period of two years from the date of issuance.
No finder's fees were paid in connection with the Offering.
An insider of the Company participated in the Offering, subscribing for 500,000 Units for total consideration of C$5,000. As a result, the Offering is considered a "related party transaction" within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101") and TSXV Policy 5.9 - Protection of Minority Security Holders in Special Transactions. The Company relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of the related party participation, as neither the fair market value of the securities issued to the insider nor the cash consideration paid for such securities exceeded 25% of the Company's market capitalization. A material change report was not filed more than 21 days prior to closing of the Offering as the participation of the insider in the Offering and the extent of such participation were not finalized until shortly prior to completion of the Offering.
The net proceeds of the Offering will be used for working capital and corporate overhead. No proceeds were used to make payments to Non-Arm's Length Parties of the Company, other than payments made in the ordinary course of business, and no proceeds were used to make payments to Persons conducting Investor Relations Activities. There were no other specific uses of proceeds representing 10% or more of the gross proceeds of the Offering.