DelphX Capital Markets Inc. announced a non-brokered private placement of 3,483,668 units at an issue price of CAD 0.12 per unit for gross proceeds of CAD 418,040 on November 1, 2023. Each Unit consists of one common share and one Common Share purchase warrant. Each Warrant entitles the holder to purchase one Common Share at a price of CAD 0.20, for a period of two years from the date of issuance. In connection with the transaction, company will pay cash finder?s fees of CAD 3,780 and issue 31,500 finders? warrants to Alpha North Asset Management, an eligible finder. The Finders? Warrants will be exercisable at CAD 0.20 each for a period of two years after issuance. The Offering has been conditionally accepted by the TSX Venture Exchange, and completion of the Offering is subject to the fulfilment or satisfaction of certain customary requirements and final acceptance by 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 issuance. Insiders participated in the Offering subscribing for 866,667 Units.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 8 placees including existing insider involvement of 2 insiders for 866,667.