Deepmarkit Announces Private Placement
Calgary, Canada – May 15, 2024 – DeepMarkit Corp., ("DeepMarkit" or the "Company") (TSXV: MKT) (OTC: MKTDF) (FRA: DEP), is pleased to announce that it intends to complete a non-brokered private placement of up to $500,000 (the “Private Placement”). Under the Private Placement, DeepMarkit intends to issue, pursuant to applicable exemptions from prospectus requirements of Canadian securities laws, up to 5,000,000 Units (the “Units”) at a price of CAD $0.10 per Unit. Each Unit comprises one common share in the capital of the Company (each, a "Common Share") and one common share purchase warrant (each a “Warrant”). Each Warrant entitles the holder to purchase one additional common share of DeepMarkit at an exercise price of CAD $0.20 for a period of two (2) years from the date of issuance of the Units.
In connection with the Private Placement, the Company may pay finder’s fees on the Units sold in an amount equal up to 7% of the gross proceeds of the Private Placement, payable in cash or in Units, and broker warrants equal to 7% of the Units sold in the Offering. Each broker warrant will entitle the holder to acquire one Common Share for a price of $0.10 per Common Share for one (1) year from closing of the Offering.
The net proceeds from the Private Placement will be used to for general corporate and working capital purposes. The Common Shares and Warrants issued pursuant to the Private Placement will be subject to a four month hold period required under applicable securities laws. The Private Placement is subject to acceptance by the TSX Venture Exchange.
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.
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