ThreeD Capital increases financing to $696,000

Executive Summary

• ThreeD Capital Inc. has upsized its previously announced non-brokered private placement, increasing the total issuance to 11.6 million units.
• The financing is priced at $0.06 per unit, generating gross proceeds of up to $696,000, with all units to be purchased by company insiders.
• The transaction is subject to approval by the Canadian Securities Exchange and relies on an exemption from valuation and minority shareholder approval requirements under Multilateral Instrument 61-101.

Key Details

• Units Issued: Up to 11.6 million units.
• Price Per Unit: $0.06.
• Gross Proceeds: Up to $696,000.
• Unit Composition: Each unit consists of one common share and one common share purchase warrant.
• Warrant Terms: Each whole warrant entitles the holder to acquire one common share at an exercise price of $0.15 per share for a period of 60 months.
• Commission/Fees: No commission or finders' fees are expected to be paid.
• Hold Period: All securities are subject to a four-month-and-one-day hold period.
• Use of Proceeds: General working capital purposes and purchase of investments.
• Insider Participation: Certain directors intend to purchase the entire 11.6 million units.
• Regulatory Status: The transaction constitutes a related party transaction under Multilateral Instrument 61-101. The company is relying on the exemption from valuation and minority shareholder approval requirements because the insiders' participation does not exceed 25% of the company's market capitalization.
• Approvals: The private placement remains subject to the approval of the Canadian Securities Exchange.