Toronto, April 4, 2022 (GLOBE NEWSWIRE) — ThreeD Capital Inc. (“ThreeD”) (CSE: IDK / OTCQX: IDKFF) is a Canada-based venture capital firm that invests in disruptive and promising junior resource companies, from March 1, 2022 to March 2022. A series of transactions (“disposal”), Three D and Sheldon Inwentash (“joint actors”) up to the 30th of March have disposed of ownership and control of a total of 2,685,000 shares of common stock (“target shares”). ) Of AMPD Ventures Inc. (“Company” or “AMPD”). The target shares account for approximately 3% of the total issued common stock of the Company. As a result of the disposition, the percentage of ownership owned by ThreeD and co-actors decreased by 4.6% from the previous early warning report, which reported 13.3% ownership on a partially diluted basis by ThreeD and co-actors. .. Warrants and options were exercised.
Immediately prior to disposal, ThreeD and co-actors owned and managed a total of 2,875,000 common shares, 7,500,000 warrants, and 900,000 AMPD options. This is approximately 3.2% of the total issued common stock of the Company (or a partially diluted standard that assumes the exercise of outstanding warrants and options held). Of this total, ThreeD holds 1,000,000 shares of the Company’s common stock and 5,000,000 shares of the warrant, which is approximately 1.1% of the Company’s issued common stock (or assuming the exercise of the warrants held). , Approximately 6.3% on a partially diluted basis). The joint actors have a total of 1,875,000 common stock, 2,500,000, which is equivalent to approximately 2.1% of the Company’s outstanding common stock (or approximately 5.6% on a partially diluted basis, assuming the exercise of warrants). Owned a warrant, and our 900,000 options. Options are retained).
Immediately after disposal, ThreeD and co-actors will own and manage 190,000 common stock, 7,500,000 warrants, and 900,000 AMPD options. This is approximately 0.2% of all of our issued and issued common stock (or a partially diluted standard that assumes the exercise of outstanding warrants and options held). Of this total, ThreeD does not hold our common stock and 5,000,000 warrants, which is equivalent to 0% of our issued common stock (or if we assume the exercise of our warrants). Approximately 5.2% on a partially diluted basis). Co-actors represent approximately 0.2% of our outstanding common stock (or approximately 3.8% on a partially diluted basis, assuming the exercise of warrants), for a total of 190,000 shares and 2,500,000 warrants of our company. , And owned 900,000 options. Options are retained).
The Covered Shares were disposed of through the facilities of the Canadian Stock Exchange. The holding of our securities by ThreeD and co-actors is managed for investment purposes, and ThreeD and co-actors may increase or decrease their investment in AMPD at any time and maintain their current position depending on market conditions. increase. Other related factors.
The total consideration received for the subject shares was $ 555,821, or $ 0.207 per subject share.
About ThreeD Capital Inc.
ThreeD is a Canadian-based listed venture capital firm focused on 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 across different sectors around the world. ThreeD aims to invest in promising early-stage companies, potentially becoming a major investor, and providing investors with advisory services and access to the company’s ecosystem.
|For more information:|
|Rinchapman, Certified Accountant, California|
|Chief Financial Officer and Corporate Secretary |
|Phone number: 416-941-8900|
The Canadian Stock Exchange has not endorsed or denied the content of this news release and is not responsible for its validity or accuracy.
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ThreeD Capital Inc. will dispose of the securities of AMPD Ventures Inc., The Canadian Business Journal.
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