Content of the article
TORONTO, June 27, 2024 (GLOBE NEWSWIRE) — ThreeD Capital Inc. announced that through the completion of a private placement and securities purchased through the Canadian Securities Exchange facility (“Acquisition”), ThreeD and Sheldon Inwentash (“Joint Actor”) acquired ownership and control of an aggregate of 1,500,000 common shares (“Subject Shares”) of Quebec Innovative Materials Corp (the “Company” or “QIMC”) and 1,000,000 common stock purchase warrants (the “Subject Warrants” and together with the Subject Shares, the “Subject Securities”). As a result of the Acquisition, the percentage ownership held by ThreeD and the Combined Actors increased above 10% on a partially diluted basis.
Content of the article
Immediately prior to the Acquisition, ThreeD and the Combined Actors owned and controlled an aggregate of 5,300,000 common shares and 4,000,000 warrants to purchase the Company’s common shares, representing approximately 5.7% of all issued and outstanding shares of QIMC (or approximately 9 .5% on a partially diluted basis, assuming the exercise of warrants held). Of this total, ThreeD holds an aggregate of 5,300,000 common shares and 4,000,000 common share purchase warrants, representing approximately 5.7% of QIMC’s issued and outstanding common stock (or approximately 9.5% on a diluted basis partially, assuming that the warrant is held) . The Joint Actors hold no securities of the Company, representing 0.0% of the issued and outstanding common stock on an undiluted and partially diluted basis.
Immediately following the Acquisition, ThreeD and the Combined Actors owned and controlled an aggregate of 6,800,000 common shares and 5,000,000 warrants to purchase the Company’s common shares, representing approximately 7.3% of all issued and outstanding QIMC common shares (or approximately 12, 0% on a partially diluted basis, assuming the exercise of the warrant is retained). Of this total, ThreeD holds an aggregate of 5,800,000 common shares and 4,000,000 common share purchase warrants, representing approximately 6.2% of QIMC’s issued and outstanding common shares (or approximately 10.0% on a diluted basis partly by considering the warrant held) . The Combined Actors hold 1,000,000 common shares and 1,000,000 common share purchase warrants, representing 1.1% of QIMC’s issued and outstanding common shares (or approximately 2.1% on a partially diluted basis, assuming the warrants are held).
Content of the article
The Company’s securities holdings by ThreeD and the Joint Actors are managed for investment purposes. ThreeD and the Joint Actors may increase or decrease their investment in the Company at any time, or continue to maintain their current position, depending on market conditions or other relevant factors.
The Subject Securities were acquired for total consideration of $45,000, or $0.03 per Subject Security.
Information about the company ThreeD Capital Inc.
ThreeD is a publicly traded Canada-based 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 a wide range of private and public companies in various sectors around the world. ThreeD seeks to invest in the early stages, promising companies that can become major investors and also provide consulting services and access to the Company’s ecosystem.
| For more information: |
| Matthew Davis, CPA |
| Chief Financial Officer and Company Secretary davis@threecap.com |
| Phone: 416-941-8900 |
The Canadian Securities Exchange does not endorse or disapprove the contents of this news release and is not responsible for its adequacy or accuracy.
Share this article on your social networks
