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DelphX Capital Markets (TSXV: DELX) has announced a non-brokered private placement

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The company is proceeding with the issuance of up to 6,000,000 units at a subscription price of $0.50 per Unit, for gross proceeds up to $3,000,000.

Additional Information:

Company: DelphX Capital Markets
Website: http://www.delphx.com
Stock Symbol: TSXV: DELX
Date Published: Oct 15, 2018
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

DelphX Capital Markets (TSXV: DELX) has announced a non-brokered private placement

The company is proceeding with the issuance of up to 6,000,000 units at a subscription price of $0.50 per Unit, for gross proceeds up to $3,000,000.

Each unit will consist of one common share and one-half a warrant, with each warrant exercisable at $0.70, for 24 months.

The company intends to use the net proceeds from the offering for working capital and general corporate purposes.

DelphX is a technology company focused on optimally mitigating credit risk in the global fixed income markets. Its blockchain-powered solution employs proprietary distributed ledger technology, actuarial science and reinsurance protocols to facilitate broad diffusion of credit default risks.

DelphX's new alternative trading system facility will be regulated by the SEC and operated by its subsidiary, DelphX Services Corporation, a FINRA member firm, to facilitate the negotiation, purchase and trading of two new forms of Smart Rule 144A Securities, covered put options and covered reference notes.

The shares are trading at $0.475

For more information, please visit the company’s website www.delphx.com, contact Larry Fondren, President and CEO, at 610-640-7546 or email info@delphx.com.

I’m Samantha Deutscher for Investmentpitch Media