Le Lézard
Classified in: Business
Subject: STOCK/OTHER MARKET NEWS

ThreeD Capital Inc. Announces Normal Course Issuer Bid


TORONTO, July 21, 2022 (GLOBE NEWSWIRE) -- ThreeD Capital Inc. ("ThreeD" or the "Company") (CSE:IDK / OTCQX:IDKFF) announced today its intention to effect a normal course issuer bid through the facilities of the Canadian Securities Exchange.

Pursuant to the normal course issuer bid, ThreeD may, during the 12 month period commencing July 27, 2022 and ending July 26, 2023, purchase on the Canadian Securities Exchange up to 2,412,270 common shares in total, representing approximately 5% of the common shares currently issued and outstanding. The price which ThreeD will pay for any such shares will be the market price at the time of acquisition. The actual number of common shares which may be purchased and the timing of any such purchases will be determined by ThreeD. The Company has retained Echelon Wealth Partners to effect purchases on its behalf pursuant to the bid. ThreeD is effecting the bid at this time as it believes that its common shares are undervalued at their current market prices and that the purchase of common shares would be a prudent use of funds.

ThreeD previously repurchased for cancellation 2,306,327 common shares at an average price of approximately $0.953 per share pursuant to a normal course issuer bid that existed over a 12 month period expiring July 20, 2022.

About ThreeD Capital Inc.

ThreeD is a publicly-traded Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors.  ThreeD's investment strategy is to invest in multiple private and public companies across a variety of sectors globally. ThreeD seeks to invest in early stage, promising companies where it may be the lead investor and can additionally provide investees with advisory services and access to the Company's ecosystem.

For further information, please contact:
Lynn Chapman, CPA, CA
Chief Financial Officer and Corporate Secretary 
Phone: 416?941?8900 



These press releases may also interest you

at 06:45
RentRedi, an award-winning property management software that simplifies the renting process for both landlords and renters, has expanded its on-time rent reporting to all three major credit bureaus: Equifax, Experian, and TransUnion. The ability to...

at 06:40
iClick Interactive Asia Group Limited ("iClick" or the "Company") , a leading enterprise and marketing cloud platform in China that empowers worldwide brands with full-stack consumer lifecycle solutions, today announced the appointment of Ms....

at 06:35
Apogee Enterprises, Inc. will report its fiscal 2024 fourth quarter and full-year results on Thursday, April 18, 2024, before the market opens. The company will also host a conference call to discuss its financial results. This conference call will...

at 06:35
Metals Acquisition Limited ARBN 671 963 198 , a private limited company incorporated under the laws of Jersey, Channel Islands ("MAC" or the "Company") announces its Annual Report for the financial year ended 31 December 2023 ("2023 Annual Report")....

at 06:31
Hangzhou Tigermed Consulting Co., Ltd. ("Tigermed" or the "company") (Stock code: 300347.SZ / 3347.HK), a leading global provider of integrated research and development solutions for biopharmaceutical and medical device industry, announced its annual...

at 06:30
Verde AgriTech Ltd ("Verde" or the "Company") announces its financial results for the full year ended December 31, 2023 ("FY 2023") and the fourth quarter 2023 ("Q4 2023"), as audited by Ernst & Young ("EY"). The FY 2023 audited results were...



News published on and distributed by: