Mr. Matthew Davis reports
THREED CAPITAL INC. ANNOUNCES PRIVATE PLACEMENT FINANCING
ThreeD Capital Inc. has released terms of a proposed private placement financing.
The private placement will consist of the sale of up to six million units of the company at a price of six cents per unit for total gross proceeds raised of $360,000. Each unit is composed of one common share and one common share purchase warrant. Each whole warrant entitles the holder thereof to acquire one common share of the company at an exercise price of 15 cents per common share for a period of 60 months. No commission or finders' fees are expected to be paid as part of the private placement. No insiders of the company are expected to participate in 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. Proceeds received from the private placement are intended to be used for general working capital purposes and purchase of investments.
The private placement remains subject to the approval of the Canadian Securities Exchange.
About ThreeD Capital Inc.
ThreeD is a publicly traded Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resource and disruptive technology sectors. ThreeD's investment strategy is to invest in multiple private and public companies across a variety of sectors globally. 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 company's ecosystem.
We seek Safe Harbor.
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