Business & Investment

ThreeD Capital Inc.Announces Results for Three Months Ended September 30, 2021

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Toronto, November 25, 2021 (GLOBE NEWSWIRE) — ThreeD Capital Inc. (“ThreeD” or “Company”) (CSE: IDK / OTCQX: IDKFF) A Canadian-based venture capital firm with a junior resource and disruptive technology sector for three months ending September 30, 2021. We are pleased to announce the unaudited results.

As of September 30, 2021, our cash, investments and digital assets were $ 71.3 million.

As of September 30, 2021, the net asset value per share was $ 1.40, compared to $ 1.16 as of June 30, 2020 (see Other Non-GAAP Treasury Indicators).

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Compare with financial highlights for the three months to September 30, 2021:

Business results 3 months ended on September 30th
2021 2020
Increased net investment and digital assets $ 13,395,404 $ 325,076
Operating and general administrative expenses (1,753,396 ). (794,542 ).
Net income (loss) 11,702,982 (408,176 ).
Total comprehensive income (loss) for the period 11,702,518 (407,788 ).
Basic income per common share (loss) 0.26 (0.01 ).
Diluted profit (loss) per common share 0.24 (0.01 ).
Highlights of the consolidated financial statement September 30, 2021
June 30, 2021
cash $ 103,505 $ 205,425
Investing at fair value 70,765,576 54,910,872
Digital assets with fair value less cost of sale 437,613 216,635
Total assets 72,316,933 56,635,629
By broker 4,469,770 324,042
Advance from officers 200,000 652,365
Total debt 6,945,298 2,769,708
Stock capital, contribution surplus, warrant 148,507,516 148,704,320
Foreign currency conversion reserve 876,370 876,834
deficit (84,012,251 ). (95,715,233 ).

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Sheldon Inwentash, Chairman and Chief Executive Officer, said: As the portfolio continues to grow and strengthen, investment value has increased by more than $ 15 million from the year ended June 30, 2021. There is a reason to believe in our continued success and growth. “

Use of non-GAAP financial measures:

This press release contains references to the non-GAAP financial measure “Net Asset Value per Share” (“NAV”). NAV is calculated as the value of total assets minus the value of total liabilities divided by the total number of common shares issued on a particular date. The term NAV has no standardized meaning in accordance with generally accepted accounting principles (“GAAP”) and may not be comparable to similar indicators offered by other companies. There are no comparable GAAP financial measures in ThreeD’s consolidated financial statements, so there are no quantitative adjustments applicable to such non-GAAP financial statements. We believe that this measure will provide information that will help our shareholders in understanding our performance and may help us evaluate our business in comparison to the businesses of our peers.

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ThreeD Capital Inc.about

ThreeD is a Canadian-based listed venture capital firm focused on optimistic investments in companies in the junior resources and disruptive technology sectors. ThreeD’s investment strategy is to invest in multiple private and public companies across different sectors around the world. ThreeD aims to invest in promising early-stage companies that have the potential to become major investors and also provide their investees with advisory services and access to the company’s ecosystem.

For more information:
Rinchapman, Certified Accountant, California
Chief Financial Officer and Corporate Secretary
chapman@threedcap.com
Phone number: 416-941-8900

The Canadian Stock Exchange has not endorsed or denied the content of this news release and is not responsible for its validity or accuracy.

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Description of future prospects

This news release contains, but is not limited to, statements regarding future investments by the Company, and within the meaning of Canadian securities law, statements regarding specific future prospects and information regarding future prospects (collectively). It is called “a statement about the future outlook”). All statements other than historical fact statements are forward-looking statements. It is inherently uncertain, based on estimates and assumptions, and does not create the situation envisioned in future events or forward-looking statements. We believe that the expectations reflected in the forward-looking statements contained in this press release, and the assumptions made with such forward-looking statements, are reasonable, but such expectations are correct. There is no guarantee that it will be proven. Readers should be careful not to overly rely on the forward-looking statements contained in this document. There is no guarantee that the plans, intentions, or expectations that underlie the forward-looking statement will arise. By its very nature, forward-looking statements include a number of assumptions, known and unknown risks and uncertainties that contribute to the possibility that forecasts, forecasts, forecasts, and other forward-looking statements will not occur. , May bring about our actual performance and results. Future time periods differ materially from estimates or forecasts of future performance or results expressed or implied by such forward-looking statements. Forward-looking statements contained in this news release are current as of the date of this document and we have publicly updated or contained forward-looking statements, except as required by applicable law. We are not obligated to revise the description. The forward-looking statements contained herein are explicitly modified by this notice.

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ThreeD Capital Inc.Announces Results for Three Months Ended September 30, 2021

https://financialpost.com/globe-newswire/threed-capital-inc-releases-results-for-the-three-months-ended-september-30-2021 ThreeD Capital Inc.Announces Results for Three Months Ended September 30, 2021

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