DelphX Capital Markets Inc. announced a non-brokered private placement of up to 8,333,333 units at an issue price of CAD 0.12 per unit for proceeds of up to CAD 1,000,000 on February 22, 2023. Each Unit will consist of one common share and one share purchase warrant. Each Warrant will entitle the holder to purchase one Common Share at a price of CAD 0.20, for a period of two years from the date of issue.

In connection with the Offering, the company may pay to eligible finders cash finders' fees and finders' warrants, each exercisable to purchase one Common Share at a price of CAD 0.20, for a period of two years from the date of issue. Completion 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 plus one day from the date of issue.