DelphX closes private placements

DelphX Capital Markets Inc. closed two non-brokered private placements. The first, announced June 29, 2026 and closed June 30, 2026, issued 2,000,000 units at C$0.02 per unit for gross proceeds of C$40,000. The second, announced July 20, 2026 and closed August 5, 2026, issued 8,500,000 units at C$0.01 per unit for gross proceeds of C$85,000. Each unit consists of one common share and one warrant exercisable at C$0.06 for two years. The convertible debenture component of the July financing was cancelled. An insider subscribed for 1,500,000 units, making the offering a related party transaction under MI 61-101, with exemptions relied upon. Finder's fees of $700 cash and 70,000 finder's warrants were paid to Canaccord Genuity ITF Rick Langer. Proceeds will be used for working capital and corporate overhead. The offerings are subject to TSX Venture Exchange approval and securities are subject to a four-month hold period.