IDKFF - ThreeD Capital Inc. Completes Private Placement Financing | Benzinga
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"). Each whole Warrant entitles the holder thereof to acquire one common share of the Company at an exercise price of $0.40 per common share for a period of 36 months. 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.
About ThreeD Capital Inc.
ThreeD is a publicly-traded Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies ...