IDKFF - ThreeD Capital Inc. Issues Early Warning Report in Connection with Acquisition of Securities of Quebec Innovative Materials Corp. | Benzinga
TORONTO, June 27, 2024 (GLOBE NEWSWIRE) -- ThreeD Capital Inc. ("ThreeD") (CSE:IDK, OTCQX:IDKFF) a Canadian based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, announces that through the completion of a private placement and securities purchased through the facilities of the Canadian Securities Exchange (the "Acquisitions"), ThreeD and Sheldon Inwentash (the "Joint Actor") acquired ownership and control of an aggregate of 1,500,000 common shares (the "Subject Shares") of Quebec Innovative Materials Corp (the "Company" or "QIMC") and 1,000,000 common share purchase warrants (the "Subject Warrants" and together with the Subject Shares, the "Subject Securities"). As a result of the Acquisitions, the percentage ownership held by ThreeD and the Joint Actor increased above 10% on a partially diluted basis.
Immediately prior to the Acquisitions, ThreeD and the Joint Actor owned and controlled an aggregate of 5,300,000 common shares and 4,000,000 common share purchase warrants of the Company, representing approximately 5.7% of all issued and outstanding common shares of QIMC (or approximately 9.5% on a partially diluted basis, assuming exercise of the ...