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ThreeD Capital Inc. Acquires Securities of Infinitii AI Inc., The Canadian Business Journal

TORONTO, Nov. 9, 2022 (GLOBE NEWSWIRE) — ThreeD Capital Inc. (“ThreeD”) (CSE:IDK / OTCQX:IDKFF) is a Canada-based venture capital firm focused on the junior resources and disruptive technology sectors. focuses on opportunistic investments in companies. announces that, through a recent acquisition (the “Acquisition”), ThreeD acquired ownership and control of a total of 105,000 shares of common stock (the “Subject Shares”) of Infinitii AI Inc. (the “Company” or “Infinitii”) will be announced. The subject stock represented approximately 0.1% of the Company’s outstanding common stock at the time. As a result of the acquisition, the ownership percentage held by ThreeD increased by 2% from the previous early warning report filed in connection with the acquisition of Infinitii shares. ThreeD reported his 10.1% ownership interest on a partially diluted basis, subject to exercise. of a writ of possession.

Prior to the acquisition, ThreeD owned and controlled a total of 13,469,000 shares of common stock and 2,000,000 shares of Infinitii warrants. unpaid writ).

Immediately following the acquisition, ThreeD owned and controlled a total of 13,574,000 shares of common stock and 2,000,000 shares of Infinitii warrants. unpaid writ).

The subject stock was purchased through the facilities of the Canadian Stock Exchange. ThreeD’s holdings of the Company’s securities are managed for investment purposes and ThreeD may increase or decrease its investment in Infinity or continue to maintain its current position at any time depending on market conditions or other relevant factors. There is a nature.

The subject shares were acquired at an average yield of approximately $0.035 per subject share, or an aggregate proceeds of $3,675.

About 3D Capital Co., Ltd.

ThreeD is a Canadian-based publicly traded venture capital firm focused on making opportunistic investments in companies in the junior resources and disruptive technology sectors. ThreeD’s investment strategy is to invest in multiple private and public companies in various sectors around the world. ThreeD seeks to invest in promising early-stage companies, potentially becoming lead investors, and providing them with advisory services and access to our ecosystem.

For more information:
Lynn Chapman, CPA, California
Chief Financial Officer and Corporate Secretary
[email protected]
Phone: 416-941-8900

The Canadian Stock Exchange has not endorsed or disapproved of the contents of this news release and assumes no responsibility for its adequacy or accuracy.


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ThreeD Capital Inc. Acquires Securities of Infinitii AI Inc., The Canadian Business Journal

Source link ThreeD Capital Inc. Acquires Securities of Infinitii AI Inc., The Canadian Business Journal

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