ThreeD Capital announces $360,000 private placement financing

ThreeD Capital Inc. (CSE: IDK / OTCQX: IDKFF) announced terms for a private placement financing to raise up to $360,000 through the sale of 6,000,000 units at $0.06 per unit.

Each unit consists of one common share and one warrant. The warrants allow holders to purchase additional common shares at $0.15 per share for 60 months. The company expects to pay no commissions or finder's fees, and no insiders are expected to participate in the offering.

Securities issued in the private placement will be subject to a four-month and one-day hold period. ThreeD Capital plans to use proceeds for general working capital and investment purchases.

The financing requires approval from the Canadian Securities Exchange. ThreeD Capital operates as a venture capital firm focused on investments in junior resources and disruptive technology companies.

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