DeepMarkit Announces Closing of Second Tranche of Private Placement
Calgary, Alberta – May 10,2024 – DeepMarkit Corp., (“DeepMarkit” or the “Company”) (TSXV: MKT) (OTC:MKTDF) (FRA: DEP) is pleased to announce the closing of the second tranche of its previously announced (April 9, 2024 and May 3, 2024) private placement of units (the"Offering").
Pursuant to the closing of the second tranche of the Offering, the Company issued 599,999 units("Units")for a price of $0.06 per Unit, for gross proceeds of $39,999.94. Each Unit is comprised of 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 $0.10 for a period of two (2) years from the date of issuance.
No finder’s fees were paid in connection with the second tranche of thePrivate Placement.
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 Warrant issued will be 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.
"GarrettScott"
GarrettScott, CEO
For more information, please contact:
GarrettScott, CEO
Tel:403-537-0067
Email:corp@deepmarkit.com
Twitter:@DeepMarkit
Neither the TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSX VentureExchange) accept responsibility for the adequacy or accuracy of this news release.
CAUTIONARYSTATEMENT
Statements in this press release may contain forward-looking information, including statements relating to the completion of the Private Placement, TSX VentureExchange Approval, and the intended use of proceeds. Any statements that are contained in this press release that are not statements of historical fact maybe 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.
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES