ThreeD Capital Inc. Announces Completion of Private Placement to Raise $600,000
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 08/17/16 -- ThreeD Capital Inc. (CSE: IDK) (the "Company") is pleased to announce that it has completed a non-brokered private placement (the "Offering") pursuant to which it has issued an aggregate of 12,000,000 units ("Units) at a price of $0.05 per Unit to raise aggregate gross proceeds of $600,000. Each Unit consists of one common share of the Company and one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder thereof to acquire one additional common share of the Company at an exercise price of $0.10 until August 17, 2019.
All securities issued and issuable in connection with the Offering are subject to a statutory hold period expiring on December 18, 2016.
Insiders of the Company subscribed for an aggregate of 2,700,000 Units pursuant to the Offering. Proceeds of the Offering will be used for general and administrative expenses and the purchase of investments.
About ThreeD
ThreeD Capital Inc. is a publicly- traded Canadian-based venture capital firm focused on opportunistic investments in companies in the resource, technology and biotechnology markets.
Contacts:
ThreeD Capital Inc.
Gerry Feldman, CPA, CA
Chief Financial Officer
416-941-8900
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Datum: 17.08.2016 - 19:58 Uhr
Sprache: Deutsch
News-ID 489753
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contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Oil & Gas
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