- Announced that it has completed a non-brokered private placement
- Issued 11,550,000 units at a price of $0.10 per Unit to raise aggregate gross proceeds of $1,155,000
- Each Unit consists of one common share of the Company and one common share purchase warrant
TORONTO, Oct. 24, 2017 – ThreeD Capital Inc. (the “Companyâ€) (CSE:IDK) is pleased to announce that it has completed a non-brokered private placement (the “Offeringâ€) announced on October 16, 2017, pursuant to which it has issued 11,550,000 units (“Units”) at a price of $0.10 per Unit to raise aggregate gross proceeds of $1,155,000. Each Unit consists of one common share of the Company and one common share purchase warrant (a “Warrantâ€). Each Warrant entitles the holder thereof to acquire one additional common share of the Company at an exercise price of $0.15 until October 24, 2020.
All securities issued and issuable in connection with the Offering are subject to a statutory hold period expiring on February 25, 2018.
Insiders of the Company subscribed for an aggregate of 1,250,000 Units pursuant to the Offering. Proceeds of the Offering will be used for investment purposes and general working capital.
About ThreeD Capital Inc.
ThreeD Capital Inc. is a publicly- traded Canadian-based venture capital firm focused on opportunistic investments in companies in the resource, technology, biotechnology, and blockchain markets.
For further information: Gerry Feldman, CPA, CA Chief Financial Officer and Corporate Secretary
[email protected] Phone: 416-606-7655
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