ThreeD Capital Inc. Announces Completion of Private Placement with St-Georges Eco-Mining
24 December 2019 - 9:14AM
ThreeD Capital Inc. (the “Company”) (CSE:IDK), a Canadian-based
venture capital firm focused on investments in promising, early
stage companies and ICOs with disruptive capabilities, is pleased
to announce that it has acquired 3,000,000 units (the “Units”)
of St-Georges Eco-Mining Corp. (“St-Georges”) at a price of $0.10
per Unit. In consideration, the Company has issued an aggregate of
5,000,000 common shares of the Company at a deemed price of $0.05
per common share (the “Offering”) and made a cash payment in the
amount of $50,000. Each Unit of St-Georges consists of one common
share (the “Share”) of St-Georges and one share purchase warrant
(the “Warrant”) of St-Georges, with each Warrant being exercisable
to acquire one additional Share at an exercise price of C$0.185 for
a period of 9 months following the date of issuance.
“ThreeD is very pleased to deepen its
relationship with St-Georges,” said ThreeD Capital’s Founder,
Chairman and CEO Sheldon Inwentash.
“We are pleased to have the continuous support
of ThreeD in our financing efforts. The company has been a
supportive partner helping us expand our different business silos
and making valuable introductions,” commented Mark Billings,
Chairman of St-Georges.
All securities issued and issuable in connection
with the Offering are subject to a statutory hold period expiring
on April 24, 2020.
About ThreeD Capital Inc.
ThreeD is a publicly-traded Canadian-based
venture capital firm focused on opportunistic investments in
companies in the Junior Resources, Artificial Intelligence and
Blockchain sectors. ThreeD seeks to invest in early stage,
promising companies and ICOs where it may be the lead investor and
can additionally provide investees with advisory services,
mentoring and access to the Company’s ecosystem.
For further information: |
Gerry Feldman, CPA, CA |
Chief Financial Officer and Corporate
SecretaryFeldman@threedcap.com |
Phone: 416-941-8900 ext 106 |
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