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.

 

On behalf of:

 

DEEPMARKIT CORP.

 

"Garrett Scott"

 

Garrett Scott, CEO

 

For more information, please contact:

 

Garrett Scott, CEO

Tel: 403-537-0067

Email: corp@deepmarkit.com

Web: www.deepmarkit.com/

Twitter: @DeepMarkit

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.

CAUTIONARY STATEMENT

Statements in this press release may contain forward-looking information, including statements relating to the completion of the Private Placement, TSX Venture Exchange Approval, and the intended use of proceeds. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of DeepMarkit. Factors that could cause the actual results to differ materially from those in forward-looking statements include, but are not limited to, failure to complete, or obtain necessary regulatory approvals, for the Private Placement. The reader is cautioned not to place undue reliance on any forward-looking information.

The forward-looking statements contained in this press release are made as of the date of this press release and DeepMarkit does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as required by securities law.

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