DelphX Grants Stock Options
Toronto, Ontario--(Newsfile Corp. - December 6, 2021) - DelphX Capital Markets Inc. (TSXV: DELX) (OTCQB: DPXCF) ("DelphX") announced that its Board of Directors has approved the grant of 725,000 stock options (the "Options") to eligible participants under its stock option plan (the "Plan"). The options have a two-year maturity and are exercisable for common shares of DelphX at an exercise price of $0.50 per common share, all in accordance with the Plan.
Subsequent to this grant, DelphX has 10,766,000 options outstanding and a further 914,654 common shares are reserved for issuance upon the exercise of options that may be granted pursuant to the Plan.
DelphX is a technology and financial services company focused on developing and distributing the next generation of structured products. Through its special purpose vehicle Quantem and its broker-dealer DelphX Services Corp, it enables fixed income dealers to offer new Rule 144A securities that optimally transfer and diffuse credit risk, while allowing the enhancement of yield. The new DelphX securities will be regulated by the SEC and enable dealers to competitively structure, sell and make markets in:
- Collateralized Put Options (CPOs) that provide secured default protection for underlying corporate, municipal and sovereign securities, and
- Collateralized Reference Notes (CRNs) that enable credit investors to take on the default exposure of an underlying security in exchange for enhanced yield.
All CPOs and CRNs are fully collateralized and held in custody by an independent custodian. CPOs and CRNs are proprietary products created and owned by DelphX Capital Markets Inc.
For more information about DelphX, please visit www.delphx.com.
Patrick Wood, President & CEO
DelphX Capital Markets Inc.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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