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ThreeD Capital ( (TSE:IDK) ) has shared an update.
ThreeD Capital Inc. has successfully completed a private placement financing, raising $700,000 through the issuance of 7,000,000 units at $0.10 per unit. Each unit includes one common share and one warrant, with the proceeds intended for general working capital and investment purchases. The involvement of company insiders in purchasing 2,000,000 units constitutes a related party transaction, but it falls within regulatory exemptions due to its limited market capitalization impact.
More about ThreeD Capital
ThreeD Capital Inc. is a publicly-traded Canadian-based venture capital firm that focuses on opportunistic investments in the junior resources and disruptive technologies sectors. The company invests in both private and public companies globally, aiming to be a lead investor and provide advisory services and access to its ecosystem.
YTD Price Performance: -54.35%
Average Trading Volume: 538,773
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$6.62M
For an in-depth examination of IDK stock, go to TipRanks’ Stock Analysis page.