TORONTO, July 23, 2021 (GLOBE NEWSWIRE) – ThreeD Capital Inc. (“ThreeD”) (CSE: IDK / OTCQX: IDKFF), a Canada-based venture capital firm that invests in disruptive companies and promising companies from Junior Resources, announces that through a series of transactions that ended on July 22, 2021 (“Acquisitions”), ThreeD and its Joint Actor acquired ownership and control of a total of 272,000 common shares (the “Subject Shares” ) from Bluesky Digital Assets Corp. (the “Company” or “Bluesky”). The shares in question represented approximately 0.70% of all issued and outstanding common shares of the company. As a result of the acquisitions, the percentage of ownership of ThreeD and the Joint Actor increased by 2.2% since their last early warning report filed in connection with the acquisition of Bluesky shares, of which ThreeD, with the Joint Actor, reported 27.8%. property on a partially diluted basis.
Immediately prior to the Acquisitions, ThreeD and the Joint Actor owned and controlled a total of 6,950,500 common shares, 4,900,000 warrants and 500,000 Bluesky options, representing approximately 19.0% of all the Company’s issued and outstanding common shares (or approximately 29.4% assuming exercise of current warrants and options).
Immediately following the Acquisitions, ThreeD and the Joint Actor own and control a total of 7,222,500 common shares, 4,900,000 warrants and 500,000 Bluesky options, representing approximately 19.6% of all the issued and outstanding common shares of the Company (or approximately 30.0% assuming the exercise of the pending guarantees and options). Of this total, ThreeD held a total of 3,931,000 Company common shares and 2,700,000 warrants representing approximately 10.7% of the Company’s issued and outstanding common shares (or approximately 16.8% assuming the exercise of the guarantees), and the Joint Actor held a total of 3,291,500 common shares, 2,200,000 warrants and 500,000 options of the Company representing approximately 9.0% of the issued and outstanding common shares of the Company (or approximately 15.2% on a partially diluted basis, assuming the exercise of the warrants and options held).
The Subject Shares were purchased through the facilities of the Canadian Stock Exchange. The Company’s securities holdings by ThreeD are managed for investment purposes, and ThreeD may increase or decrease its investments in the Company at any time, or continue to maintain its current position, depending on market conditions or any other relevant factor.
The transaction was carried out based on the exemption contained in Section 2.3 of National Instrument 45-106 on the basis that ThreeD is an “accredited investor” as defined in.
About ThreeD Capital Inc.
ThreeD is a publicly traded Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resource and disruptive technologies sectors. ThreeD’s investment strategy is to invest in multiple public and private companies in a variety of sectors globally. ThreeD seeks to invest in promising early stage companies where it can be the lead investor and can also provide investee companies with advisory services and access to the company’s ecosystem.
For more information:
Lynn Chapman, CPA, CA
Chief Financial Officer and Corporate Secretary
The Canadian Stock Exchange has neither approved nor disapproved of the content of this press release and accepts no responsibility for its adequacy or accuracy.