ThreeD Capital Inc. and Joint Actor Acquire Controlling

ThreeD Capital Inc. and Joint Actor Acquire Controlling Interest of AMPD Ventures Inc.


ThreeD Capital Inc. and Joint Actor Acquire Controlling Interest of AMPD Ventures Inc.
March 10, 2021 22:57 ET
| Source:
ThreeD Capital Inc
ThreeD Capital Inc
Toronto, Ontario, CANADA
TORONTO, March 10, 2021 (GLOBE NEWSWIRE) -- ThreeD Capital Inc. (“ThreeD” or the “Company”) (CSE:IDK / OTCQB:IDKFF) a Canadian based venture capital firm that invests in disruptive companies and promising junior resources companies, is pleased to announce that it and Sheldon Inwentash, (the “Joint Actor”) has acquired ownership and control of an aggregate of 5,500,000 common shares (the “Subject Shares”) and 5,500,000 common share purchase warrants (the “Subject Warrants” and together with the Subject Shares, the “Subject Units”) of AMPD Ventures Inc. (“AMPD”) on March 10, 2021. Furthermore, 900,000 common share options (the “Subject Options”) were granted by the Company to an entity controlled by the Joint Actor pursuant to an advisory agreement (the “Option Grant”). The Subject Shares represented approximately 10.2% of all issued and outstanding common shares of AMPD as of March 10, 2021 immediately following the transaction described above (or approximately 19.7% on a partially diluted basis, assuming exercise of the Subject Warrants and Subject Options only), resulting in a corresponding increase in the percentage of shares held by ThreeD and its Joint Actor as a result of the transaction.

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