ThreeD Capital (IDK-Cse) Preparing for the next pump
May 8, '20 - NR
Sheldon Inwentash has acquired ownership and control of an aggregate of one million common shares and one million common share purchase warrants of ThreeD Capital Inc. on May 8, 2020. The Subject Units represented approximately 3.2% of all issued and outstanding common shares of the Company as of May 8, 2020 immediately following the transaction described above (or approximately 6.1% on a partially diluted basis, assuming exercise of the Subject Warrants only), resulting in a corresponding increase in the percentage of shares held by Inwentash as a result of the transaction.
Immediately before the transaction described above, Inwentash and his Joint Actor held an aggregate of 2,208,766 common shares of the Company (the "Pre-Closing Shares") and convertible securities entitling Inwentash and the Joint Actor to acquire an additional 6,446,800 common shares of the Company (the "Pre- Closing Convertible Securities"), representing approximately 7.2% of the issued and outstanding common shares of the Company (or approximately 23.4% assuming exercise of such Pre-Closing Convertible Securities only). Of this total, Inwentash held an aggregate of 958,766 of the Pre-Closing Shares and 2,555,551 of the Pre-Closing Convertible Securities (representing approximately 3.1% of the issued and outstanding common shares of the Company, or approximately 10.6% assuming exercise of such Pre- Closing Convertible Securities only), and the Joint Actor held an aggregate of 1,250,000 of the Pre-Closing Shares and 3,891,249 of the Pre-Closing Convertible Securities (representing approximately 4.1% of the issued and outstanding common shares of the Company, or approximately 14.9% assuming exercise of such Pre-Closing Convertible Securities only).
Immediately following the transaction described above, Inwentash and the Joint Actor held an aggregate of 3,208,766 common shares (the "Post-Closing Shares") and convertible securities entitling Inwentash and the Joint Actor to acquire an additional 7,446,800 common shares of the Company (the "Post-Closing Convertible Securities"), representing approximately 10.2% of the issued and outstanding common shares of the Company (or approximately 27.3% assuming exercise of such Post-Closing Convertible Securities only). Of this total, Inwentash held an aggregate of 1,958,766 of the Post-Closing Shares and 3,555,551 of the Post-Closing Convertible Securities (representing approximately 6.2% of the issued and outstanding common shares of the Company, or approximately 15.7% assuming exercise of such Post-Closing Convertible Securities only), and the Joint Actor held an aggregate of 1,250,000 of the Post-Closing Shares and 3,891,249 of the Post-Closing Convertible Securities (representing approximately 4.0% of the issued and outstanding common shares of the Company, or approximately 14.5% assuming exercise of such Post- Closing Convertible 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 Inwentash and the Joint Actor are managed for investment purposes, and Inwentash and the Joint Actor 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 $100,000.00, or $0.10 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 each of the Joint Actors 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 ICOs where it may be the lead investor and can additionally provide investees with advisory services, mentoring and access to the Company’s ecosystem.
For further information:
Gerry Feldman, CPA, CA
Chief Financial Officer and Corporate Secretary
Feldman@threedcap.com
Phone: 416-941-8900 ext 106 |
