DelphX Capital Markets Inc. announced a non-brokered private placement of 5,422,221 units at a subscription price of CAD 0.09 per unit, for gross proceeds of CAD 488,000 on December 2, 2022. 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 Insiders for 1,611,111 units for proceeds of CAD 144,999.99.The completion of transaction is subject to the final approval of the TSX Venture Exchange. The securities issued pursuant to the Offering will be subject to a hold period of four months and a day from the date of issuance.