ThreeD Capital Inc. sells securities of AMPD Ventures

TORONTO, April 04, 2022 (GLOBE NEWSWIRE) — ThreeD Capital Inc. (“ThreeD”) (CSE: IDK / OTCQX: IDKFF), a Canadian venture capital firm that invests in disruptive companies and junior resource companies promising, announces that, through a series of transactions commencing on March 1, 2022 and ending on March 30, 2022 (the “Divisions”), ThreeD and Sheldon Inwentash (the “Co-Actor”) have transferred ownership and control of an aggregate of 2,685,000 common shares (the “Related Shares”) of AMPD Ventures Inc. (the “Company” or “AMPD”). The affected shares represented approximately 3% of all issued and outstanding common shares of the company. Following the disposals, the percentage of ownership held by ThreeD and the joint actor decreased by 4.6% compared to the last alert report filed in which ThreeD, together with the joint actor, declared a stake of 13 .3% on a partially diluted basis assuming the exercise of warrants and options held.

Immediately prior to the Disposals, ThreeD and the Joint Actor owned and controlled a total of 2,875,000 ordinary shares, 7,500,000 warrants and 900,000 options of AMPD, representing approximately 3.2% of all issued ordinary shares and of the Company (or approximately 11.4% on a partially diluted basis, assuming the exercise of outstanding warrants and options held). Of this total, ThreeD held a total of 1,000,000 common shares and 5,000,000 warrants of the Company, representing approximately 1.1% of the issued and outstanding common shares of the Company (or approximately 6.3 % on a partially diluted basis assuming exercise of warrants held). The co-actor held an aggregate of 1,875,000 common shares, 2,500,000 warrants and 900,000 options of the Company, representing approximately 2.1% of the issued and outstanding common shares of the Company (or approximately 5.6% on on a partially diluted basis, assuming the exercise of warrants and options held).

Immediately following the dispositions, ThreeD and the joint actor own and control a total of 190,000 common shares, 7,500,000 warrants and 900,000 options of AMPD, representing approximately 0.2% of all common shares issued and in outstanding (or approximately 8.7% on a partially diluted basis, assuming the exercise of outstanding warrants and options held). Of this total, ThreeD held no common shares and 5,000,000 warrants of the Company, representing 0% of the issued and outstanding common shares of the Company (or approximately 5.2% on a partially diluted basis assuming the exercise of warrants held). The co-actor held an aggregate of 190,000 common shares, 2,500,000 warrants and 900,000 options of the Company, representing approximately 0.2% of the issued and outstanding common shares of the Company (or approximately 3.8% on a partially diluted basis, assuming exercise of warrants and options held).

The affected shares were sold through the Canadian Stock Exchange. The holdings of securities of the Company by ThreeD and the Joint Actor are managed for investment purposes, and ThreeD and the Joint Actor could increase or decrease their investments in AMPD at any time, or continue to maintain their current position, depending on market conditions or any other relevant factor.

The total consideration received for the Subject Shares was $555,821, or $0.207 per Subject Share.

About ThreeD Capital Inc.

ThreeD is a publicly traded Canadian venture capital firm focused on opportunistic investments in companies in the junior resource and disruptive technology sectors. ThreeD’s investment strategy is to invest in multiple private and public companies in various industries globally. ThreeD seeks to invest in promising early-stage companies where it can be the lead investor and can additionally provide corporate issuers with advisory services and access to the company’s ecosystem.

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

The Canadian Securities Exchange has neither approved nor disapproved of the contents of this press release and accepts no responsibility for its adequacy or accuracy.

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