08:04:58 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Imagination Park Entertainment Inc
Symbol IP
Shares Issued 72,781,470
Close 2018-11-09 C$ 0.12
Market Cap C$ 8,733,776
Recent Sedar Documents

ThreeD acquires 4.75 million Imagination Park units

2018-11-09 16:12 ET - News Release

See News Release (C-IDK) ThreeD Capital Inc

Mr. Gerry Feldman of ThreeD reports

THREED CAPITAL INC. ACQUIRES SECURITIES OF IMAGINATION PARK ENTERTAINMENT INC.

ThreeD Capital Inc. acquired ownership and control of an aggregate of 4.75 million common shares and 4.75 million common share purchase warrants of Imagination Park Entertainment Inc. on Nov. 9, 2018. The subject units represented approximately 4.7 per cent of all issued and outstanding common shares of the company as of Nov. 9, 2018, immediately following the transaction described above (or approximately 8.9 per cent on a partially diluted basis, assuming exercise of the subject warrants only), resulting in a corresponding increase in the percentage of shares held by the joint actors as a result of the transaction.

Immediately before the transaction described above, the acquirer held an aggregate of 900,000 common shares of the company, and convertible securities entitling the acquirer to acquire an additional 2.4 million common shares of the company, representing approximately 1.2 per cent of the issued and outstanding common shares of the company (or approximately 4.2 per cent on a partially diluted basis, assuming exercise of the preconvertible securities only).

Immediately following the transaction described above, the acquirer held an aggregate of 5.65 million common shares, and convertible securities entitling the acquirer to acquire an additional 7.15 million common shares of the company, representing approximately 5.6 per cent of the issued and outstanding common shares of the company (or approximately 11.8 per cent assuming exercise of such postconvertible securities only).

The subject units were acquired in a private placement and not through the facilities of any stock exchange. The holdings of securities of the company by Mr. Inwentash and the joint actors are managed for investment purposes, and Mr. Inwentash and the joint actors could increase or decrease their investments in the company at any time, or continue to maintain their current investment position, depending on market conditions or any other relevant factor. The aggregate consideration payable for the subject units was $570,000, or 12 cents per subject unit.

The trade was effected in reliance upon the exemption contained in Section 2.3 of National Instrument 45-106 on the basis that ThreeD is an accredited investor as defined herein.

About ThreeD Capital Inc.

ThreeD is a publicly traded Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources, artificial intelligence and blockchain sectors. ThreeD seeks to invest in early-stage, promising companies and initial coin offerings, where it may be the lead investor and can additionally provide investees with advisory services, mentoring and access to the company's ecosystem.

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