ThreeD Capital Inc. Announces Completion of Private Placement with St-Georges Eco-Mining

TORONTO, Nov. 25, 2020 (GLOBE NEWSWIRE) -- ThreeD Capital Inc. (the a??Companya??) (CSE:IDK / OTCQB: IDKFF), a Canadian-based venture capital firm that invests in disruptive companies and promising junior resources companies, is pleased to announce thatA it has acquired 1,500,000 units (the a??Unitsa??) of St-Georges Eco-Mining Corp. (a??St-Georgesa??) at a price of $0.10 per Unit. In consideration, the Company has issued an aggregate of 300,000 common shares of the Company at a deemed price of $0.48 per common share (the a??Offeringa??) and made a cash payment in the amount of $6,000. Each Unit of St-Georges consists of one common share (the a??Sharea??) of St-Georges and one share purchase warrant (the a??Warranta??) 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 two years following the date of issuance.
All securities issued and issuable in connection with the Offering are subject to a statutory hold period expiring on March 26, 2021.About ThreeD Capital Inc.ThreeD is a publicly-traded Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors. ThreeDa??s investment strategy is to invest in multiple private and public companies across a variety of sectors globally. ThreeD seeks to invest in early stage, promising companies where it may be the lead investor and can additionally provide investees with advisory services and access to the Companya??s ecosystem.

For further information:

Gerry Feldman, CPA, CA

Chief Financial Officer and Corporate Secretary

Phone: 416-941-8900 ext 106

The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.
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