RE:HERE IT IS [ COPY AND PASTE ] ThreeD Capital Inc C.IDK TORONTO, March 05, 2024 (GLOBE NEWSWIRE) — ThreeD Capital Inc. (“ThreeD” or the “Company”) (CSE:IDK) (OTCQB: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 a proposed private placement (the “Private Placement”) with Sariel Diagnostics Corp. (“Sariel”), a privately held corporation existing under the laws of the Province of British Columbia. Per the terms of the Private Placement, ThreeD will acquire 3,750,000 common shares of Sariel at a price of $0.02 per share. In consideration, ThreeD will issue an aggregate of 150,000 common shares of the Company at a deemed price of $0.50 per common share. 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 resources and disruptive technologies 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.
For further information
Matthew Davis
Chief Financial Officer and Corporate Secretary
davis@threedcap.com
Phone: 416-941-8900 ext 106
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.
Forward-Looking Statements