ThreeD Capital announces C$1.51M private placement equity financing

  • ThreeD Capital (OTCQX:IDKFF) has announced a proposed private placement of up to 5.57 million units for C$0.27 per unit for gross proceeds of up to C$1.51 million.
  • Each unit will comprise one common share of the company and one common share purchase warrant.
  • Each whole share purchase warrant will entitle the holder to purchase one common share at a purchase price of $0.40 for 36 months following the close of the placement.
  • The company said that all securities issued in the offering will be subject to a four-month and one-day hold period.