DelphX Capital Markets Inc. announced a non-brokered private placement of 2,825,000 units at an issue price of CAD 0.08 per unit for gross proceeds of CAD 226,000 on August 30, 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 0.15, for a period of two years from the date of issuance.

The transaction included participation from an insider for 500,000 units. Completion of the transaction is subject to the approval of the TSX Venture Exchange. The securities issued pursuant to the transaction will be subject to a hold period of four months plus one day from the date of issuance.