Mr. John Lunz Announces Acquisition of Securities of Delphx Capital Markets Inc. and Filing of Corrective Early Warning Report

WATERLOO, ON, Sept. 2, 2026 /CNW/ -- John Lunz (the "Reporter") will be filing an early warning report on SEDAR+ (www.sedarplus.com) with respect to his holdings of common shares ("Common Shares") and warrants to purchase Common Shares ("Warrants" in the capital of Delphx Capital Markets Inc. (the "Company"). The early warning report has been filed, and this press release is being issued, for the purpose of (i) reporting historical acquisitions of Common Shares and Warrants by the Reporter as well as changes in control or direction over certain Common Shares and Warrants that were not previously reported under the applicable early warning reporting requirements; and (ii) reporting current acquisitions of certain Common Shares and Warrants.

The Reporter holds the Common Shares for investment purposes and may evaluate such investment on an ongoing basis and subject to various factors including, without limitation, the Company's financial position, the price levels of the Common Shares and Warrants, conditions in the securities markets and general economic and industry conditions, the Company's business or financial condition, and other factors and conditions that the Reporter may deem appropriate. The Reporter may increase, decrease or change his ownership over the Common Shares and Warrants or other securities of the Company.

On September 1, 2026, the Reporter acquired 12,502,222 Common Shares and 5,500,000 Warrants (the "Transaction"). The Common Shares and Warrants were purchased from Quintessence Wealth Signature IQ Asset Allocation Fund (the "Fund") an investment fund managed by Quintessence Wealth for a total of $826,708.60 equal to the Fund's book value of the Shares. The Transaction was completed pursuant to a share purchase agreement between the Fund and Mr. Lunz.

Immediately prior to the Transaction, the Reporter controlled or directed an aggregate of 18,951,528 Common Shares and 10,983,983 Warrants, representing approximately 7.89% of the outstanding Common Shares on an undiluted basis and 11.92% on a partially diluted basis (on the basis of approximately 240,060,183 Common Shares being issued and outstanding). Following the Transaction, the Reporter controlled or directed an aggregate of 31,453,750 Common Shares and 16,483,983 Warrants, representing approximately 13.10% of the outstanding Common Shares on an undiluted basis and 18.67% on a partially diluted basis (on the basis of approximately 240,060,183 Common Shares being issued and outstanding).

The Reporter has not filed any early warning reports in respect of the Company. The Reporter has determined that he failed to file reports on each of the following dates and if he had complied with his filing obligations he would have reported as follows:

On August 31, 2022, the Reporter acquired control or direction over 714,286 Common Shares and 714,286 Warrants. The Common Shares and Warrant comprised units purchased in a non-brokered private placement at $0.14 per unit. Following the acquisition, the Reporter controlled or directed an aggregate of 9,784,663 Common Shares and 3,814,936 Warrants, representing approximately 7.64% of the outstanding Common Shares on an undiluted basis and 10.31% on a partially diluted basis (on the basis of approximately 128,092,602 Common Shares then outstanding). This acquisition resulted in the Reporter exceeding the 10% reporting threshold and triggered a reporting obligation.

On August 30, 2023, the Reporter acquired control or direction over 1,250,000 Common Shares and 1,250,000 Warrants. The Common Shares and Warrants comprised units purchased in a non-brokered private placement at $0.08 per unit. Following the acquisition, the Reporter controlled or directed an aggregate of 13,430,063 Common Shares and 6,264,936 Warrants, representing approximately 8.87% of the outstanding Common Shares on an undiluted basis and 12.49% on a partially diluted basis (on the basis of approximately 151,425,935 Common Shares then outstanding). This increased the Reporter's partially diluted control and direction by approximately 2.18% and triggered a further reporting obligation.

On April 19, 2024, the Reporter acquired control or direction over 1,250,000 Common Shares and 1,250,000 Warrants. The Common Shares and Warrants comprised units purchased in a non-brokered private placement at $0.08 per unit. Following the acquisition, the Reporter controlled or directed an aggregate of 16,933,696 Common Shares and 8,514,936 Warrants, representing approximately 10.90% of the outstanding Common Shares on an undiluted basis and 15.60% on a partially diluted basis (on the basis of approximately 154,659,573 Common Shares then outstanding). This increased the Reporter's partially diluted control and direction by approximately 3.11% and triggered a further reporting obligation.

On February 19, 2025, the Reporter acquired control or direction over 2,222,222 Common Shares and 2,222,222 Warrants. The Common Shares and Warrants comprised units purchased by accounts over which the Reporter had control or direction (but not ownership) in a non-brokered private placement at $0.09 per unit. Following the acquisition, the Reporter controlled or directed an aggregate of 23,721,918 Common Shares and 13,937,158 Warrants, representing approximately 12.61% of the outstanding Common Shares on an undiluted basis and 18.70% on a partially diluted basis (on the basis of approximately 201,403,913 Common Shares then outstanding). This increased the Reporter's partially diluted control and direction by approximately 3.10% and triggered a further reporting obligation.

On March 25, 2025, the Reporter acquired control or direction over 3,000,000 Common Shares and 3,000,000 Warrants. The Common Shares and Warrants comprised units purchased by accounts over which the Reporter had control or direction (but not ownership) in a non-brokered private placement at $0.07 per unit. Following the acquisition, the Reporter controlled or directed an aggregate of 27,721,918 Common Shares and 17,937,158 Warrants, representing approximately 14.03% of the outstanding Common Shares on an undiluted basis and 21.18% on a partially diluted basis (on the basis of approximately 215,596,341 Common Shares then outstanding). This increased the Reporter's partially diluted control and direction by ap-proximately 2.11% since the Fourth Report Date and triggered a further reporting obligation.

On June 23, 2025, the Reporter acquired control or direction over 1,700,000 Common Shares and 1,700,000 Warrants. The Common Shares and Warrants comprised units purchased in a non-brokered private placement at $0.06 per unit. Following the acquisition, the Reporter controlled or directed an aggregate of 30,851,918 Common Shares and 21,067,158 Warrants, representing approximately 15.43% of the outstanding Common Shares on an undiluted basis and 23.49% on a partially diluted basis (on the basis of approximately 221,043,215 Common Shares then outstanding). This increased the Reporter's partially diluted control and direction by approximately 2.31% and triggered a further reporting obligation.

On September 4, 2025, the Reporter acquired control or direction over 2,100,000 Common Shares and 2,100,000 Warrants. The Common Shares and Warrants comprised units purchased by accounts over which the Reporter had control or direction (but not ownership) in a non-brokered private placement at $0.05 per unit. Following the acquisition, the Reporter controlled or directed an aggregate of 34,951,918 Common Shares and 25,167,158 Warrants, representing approximately 17.26% of the outstanding Common Shares on an undiluted basis and 26.40% on a partially diluted basis (on the basis of approximately 227,683,215 Common Shares then outstanding). This increased the Reporter's partially diluted control and direction by approximately 2.91% and triggered a further reporting obligation.

On July 7, 2026, the Reporter ceased to have control or direction over accounts holding 18,628,110 Common Shares and 14,502,222 Warrants. Following the events that led to the Reporter ceasing to have control of such Common Shares and Warrants, the Reporter controlled or directed an aggregate of 18,951,528 Common Shares and 10,983,983 Warrants, representing approximately 8.36% of the outstanding Common Shares on an undiluted basis and 12.60% on a partially diluted basis (on the basis of approximately 237,544,166 Common Shares then outstanding). This decreased the Reporter's partially diluted control and direction by approximately 13.77% and triggered a further reporting obligation.

A copy of the Early Warning Report with additional information in respect of the foregoing matters will be filed on www.sedarplus.ca under the Company's profile. For further information, including a copy of the early warning report required under applicable Canadian securities laws to be filed by the Reporter as a result of the Disposition referred to in this press release, please contact the Reporter at telephone: [phone]. 

SOURCE John Lunz