ThreeD Capital closes $696,000 private placement

Mr. Matthew Davis reports THREED CAPITAL INC. COMPLETES PRIVATE PLACEMENT FINANCING ThreeD Capital Inc. has closed its previously announced private placement financing, pursuant to which it has issued an aggregate of 11.6 million units of the company in exchange for total gross proceeds of $696,000 or six cents per unit. Each unit issued as part of the private placement comprises one common share and one common share purchase warrant. Each whole warrant entitles the holder thereof to acquire one common share of the company at an exercise price of 15 cent sper common share for a period of 60 months. No commission or finders' fees were paid as part of the private placement. All securities issued and issuable in connection with the private placement will be subject to a four-month-and-one-day hold period expiring on Dec. 2, 2025. In connection with the private placement, management and directors of the company purchased a total of 11.6 million units. Insiders' participation in the private placement constitutes a related party transaction pursuant to Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company is relying on the exemption from the valuation and minority shareholder approval requirements under MI 61-101, as the fair market value of the insiders' participation in the private placement does not exceed 25 per cent of the market capitalization of the company. 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. We seek Safe Harbor.