ThreeD Capital Completes Private Placement Financing

ThreeD Capital ( (TSE:IDK) ) has provided an announcement.

ThreeD Capital Inc. has completed a private placement financing, issuing 13,040,000 units at $0.15 per unit for total gross proceeds of $1,956,000. This financing includes participation from company insiders and does not involve any commission or finders’ fees. The units issued will be subject to a hold period until May 18, 2025. The participation of insiders is considered a related party transaction but is exempt from certain regulatory requirements due to its value relative to the company’s market capitalization.

More about ThreeD Capital

ThreeD Capital Inc. is a publicly-traded Canadian-based venture capital firm specializing in opportunistic investments in the junior resources and disruptive technologies sectors. The company’s strategy involves investing in early-stage private and public companies globally, often acting as a lead investor and providing additional advisory services and access to its ecosystem.

YTD Price Performance: -28.26%

Average Trading Volume: 377,276

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$9.35M

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