Calgary, Alberta – June 26, 2024 – TheNewswire – DeepMarkit Corp., (“DeepMarkit” or the “Company”) (TSXV: MKT) (OTC: MKTDF) (FRA: DEP) is pleased to announce the closing of its previously announced private placement of units (the "Offering").
Pursuant to the closing of the Offering, the Company issued 1,730,000 units ("Units") for a price of $0.10 per Unit, for gross proceeds of $173,000. Each Unit comprises one common share of DeepMarkit (each, a "Common Share") and one Common Share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder to purchase one additional Common Share at an exercise price of $0.20 for a period of two (2) years from the date of issuance.
Aggregate finder’s fees of $9,310 in cash were paid to certain finders in connection with the Private Placement: EMD Financial Inc. - $2,310 and Raymond James Ltd. - $7,000. In addition, an aggregate of 93,100 broker’s warrants (each a “Broker’s Warrant”) were issued, each Broker's Warrant entitling the holder thereof to receive one (1) common share at a price of $0.10 per Common Share with respect to the 23,100 Broker's Warrants held by EMD Financial Inc., and $0.16 per Common Share with respect to the 70,000 Broker's Warrants held by Raymond James Ltd.
DeepMarkit intends to use the net proceeds of the Offering for general working capital purposes.
Completion of the private placement is subject to regulatory approval, including approval of the TSX Venture Exchange Inc. (the “Exchange”). The Common Shares, Warrants and Broker’s Warrants issued are subject to a four-month hold period from the date of the closing of the Offering.
About DeepMarkit
DeepMarkit Corp. is a technology company that operates MintCarbon.io, a web-based platform which facilitates the minting of carbon offsets into NFTs or other secure tokens. Its common shares are listed on the TSX Venture Exchange under the “MKT” stock symbol, on the OTC market in the United States under the “MKTDF” symbol and on the Frankfurt Stock Exchange under the “DEP” symbol.
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