ThreeD Capital Inc. Completes Private Placement Financing
Summary
TORONTO, July 15, 2024 (GLOBE NEWSWIRE) -- ThreeD Capital Inc. (ThreeD or the Company) (CSE:IDK / OTCQX:IDKFF) a Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, is pleased to announce that it has completed its previously announced private placement financing (the Private Placement) with the issuance of 5,574,100 units of the Company (Units) in exchange for total gross proceeds of $1,505,007, or $0.27 per Unit.Each Unit issued as part of the Private Placement is comprised of one common share and one common share purchase warrant (a Warrant). No commission or finders fees were paid as part of the Private Placement.All securities issued and issuable in connection with the Private Placement will be subject to a four-month and a day hold period expiring on November 16, 2024.ThreeD is a publicly-traded Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors. ThreeD seeks to invest in early stage, promising companies where it may be the lead investor and can additionally provide investees with advisory services and access to the Companys ecosystem.The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of Canadian securities laws including, without limitation, statements with respect to the future investments by the Company. Undue reliance should not be placed on forward-looking statements, which are inherently uncertain, are based on estimates and assumptions, and are subject to known and unknown risks and uncertainties (both general and specific) that contribute to the possibility that the future events or circumstances contemplated by the forward-looking statements will not occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause the Companys actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements.