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DelphX Capital Markets Raises C$85,000 Via Non-Brokered Private Placement

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DelphX Capital Markets (DELX.V) closed its non-brokered private placement, issuing 8.5-million units at C$0.01 apiece for C$85,000, it said in a statement on Monday.

Each unit consists of one common share and one common share purchase warrant with each warrant entitling the holder to buy a share for C$0.06, for a two-year period from the date of issuance. An insider of the company participated in the offering, subscribing for 1.5-million units, it said.

The technology and financial services company also closed another non-brokered private placement previously announced June 29 and issuing 2-million units at C$0.02 apiece, for C$40,000. Each unit consists of one common share and one common share purchase warrant with each warrant entitling the holder to buy a share for C$0.06, for a two-year period from the date of issuance.

Proceeds from both the offerings will be used in connection with working capital or corporate overhead needs, it said.

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