MKT:CC - DeepMarkit Announces Closing of Private Placement
(TheNewswire)
Calgary, Alberta - TheNewswire - October 26, 2023 - DeepMarkit Corp., (“DeepMarkit” or the “Company”)(TSXV:MKT) (OTC:MKTDF) (FRA:DEP ) is pleased to announce the closing of itspreviously announced private placement of units (the" Offering ").
Pursuant to the closing of the Offering, the Companyissued 950,000 units (" Units ") for a price of $0.10 per Unit,for gross proceeds of $95,000. Each Unit is comprised of one commonshare of DeepMarkit (each, a " Common Share ")and one Common Share purchase warrant (each, a " Warrant "). Each Warrant will entitle the holder to purchase one additionalCommon Share at an exercise price of $0.20 for a period of twelve (12)months from the date of issuance.
DeepMarkit intends to use the net proceeds of theOffering for general working capital purposes.
The Common Shares and Warrants issued will be subjectto a four-month hold period from the date of the closing of theOffering. DeepMarkit did not pay any finder's fee or commissionswith respect to the closing of the Offering.
DeepMarkit Corp. is a technology company focused ondemocratizing access to the voluntary carbon offset market by mintingoffsets into NFTs. Its common shares are listed on the TSX VentureExchange under the “MKT” stock symbol, on the OTC market in theUnited States under the “MKTDF” symbol and on the Frankfurt StockExchange under the “DEP” symbol. DeepMarkit Corp. is a softwareinfrastructure company operating in the tokenization vertical of theblockchain. Its primary asset, MintCarbon.io, is a web-based platformthat facilitates the minting of carbon offsets into NFTs (based on theERC-1155 standard) or other secure tokens (based on the ERC-20standard).
On behalf of:
"Ranjeet Sundher"
Ranjeet Sundher, CEO
For more information, pleasecontact:
Ranjeet Sundher, CEO
Tel: 403-537-0067
Email: corp@deepmarkit.com
Web: www.deepmarkit.com/
Twitter: @DeepMarkit
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accept responsibility for theadequacy or accuracy of this news release.
Statements in this news release may containforward-looking information. Any statements that are contained in thisnews release that are not statements of historical fact may be deemedto be forward-looking statements, including statements relating to theuses of proceeds for the Offering. The reader is cautioned thatassumptions used in the preparation of any forward-looking information may proveto be incorrect. Events or circumstances may cause actual results todiffer materially from those predicted, as a result of numerous knownand unknown risks, uncertainties, and other factors, many of which arebeyond the control of DeepMarkit. Additionalinformation regarding risks and uncertainties of the Company'sbusiness are contained under the heading "Business Risks andUncertainties" in the Company's MD&A in respect of the fiscalyear ended June 30, 2023, and the Company's other public filings whichare available under the Company's profile on SEDAR at www.sedar.com. Various factors can cause the actual results todiffer materially from those in forward-looking statements. The readeris cautioned not to place undue reliance on any forward-lookinginformation.
The forward-looking statements contained in this newsrelease are made as of the date of this news release and DeepMarkitdoes not undertake any obligation to update publicly or to revise anyof the included forward-looking statements, whether as a result of newinformation, future events or otherwise, except as required bysecurities law.
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