DelphX Capital Markets (TSE:DELX) has released an update.
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DelphX Capital Markets Inc. is planning to extend the exercise period of nearly 5 million share purchase warrants by one year, pending approval from the TSX Venture Exchange. These warrants were initially issued during a private placement in August 2022 and are exercisable at $0.30 per share. The extension aims to provide flexibility to warrant holders, including ‘related parties’, while complying with regulatory standards for minority security holders.
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