TORONTO, June 11, 2021 (GLOBE NEWSWIRE) – ThreeD Capital Inc. (“ThreeD” or the “Company”) (CSE: IDK / OTCQB: IDKFF) a Canada-based venture capital firm focused on opportunistic investments in companies in the junior resource sectors and disruptive technologies, announces that as of May 31, 2021, its unaudited net asset value per share (“NAV”) was $ 1.07.
This announcement is based on ThreeD’s established practice of publishing the NAV on a monthly basis as part of the Company’s ongoing response to shareholders’ interest in receiving periodic information. NAV is calculated based on unaudited month-end financial information.
Use of non-GAAP financial measures:
This press release contains references to NAV or “net asset value per share,” which is a non-GAAP financial measure. NAV is calculated as the value of total assets minus the value of total liabilities divided by the total number of common shares outstanding on a specific date. The term NAV does not have any standardized meaning under GAAP and therefore may not be comparable to similar measures presented by other companies. There is no comparable GAAP financial measure presented in ThreeD’s consolidated financial statements and, therefore, there is no applicable quantitative reconciliation for such a non-GAAP financial measure. The Company believes that the measure provides useful information to its shareholders in understanding the Company’s performance and can assist in evaluating the Company’s business relative to that of its peers. These data are provided to provide additional information and do not have any standardized meaning prescribed by GAAP. Accordingly, it should not be considered in isolation or as a substitute for performance measures prepared in accordance with GAAP, and is not necessarily indicative of other metrics presented in accordance with GAAP. The Company’s existing NAV is not necessarily predictive of the Company’s future performance or the Company’s NAV at any future date.
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.
This press release contains certain forward-looking statements and forward-looking information (collectively referred to as “forward-looking statements”) within the meaning of Canadian securities laws, including, but not limited to, statements regarding future disclosure of NAV by the Company and the approximate time of it. All statements other than statements of historical fact are forward-looking statements. No undue reliance should be placed on forward-looking statements, which are inherently uncertain, based on estimates and assumptions, and are subject to known and unknown risks and uncertainties (both general and specific) that contribute to the possibility that future events or The circumstances contemplated by the forward-looking statements will not occur, including, but not limited to, risks related to the timing and content of the Company’s future public disclosures or related to the fact that the term NAV does not have any standardized meaning in accordance with GAAP and therefore may not be comparable to similar measures presented by other companies and may not be indicative of NAV for future periods. Although the Company believes that the expectations reflected in the forward-looking statements contained in this press release, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no guarantee that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on the forward-looking statements included in this document, as there can be no guarantee that the plans, intentions or expectations on which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous known and unknown assumptions, risks, and uncertainties that contribute to the possibility that predictions, forecasts, projections, and other forward-looking statements will not occur, which may cause actual company performance and performance. Future period results differ materially from any estimates or projections of future performance or results expressed or implied in such forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof, and the company assumes no obligation to publicly update or revise any of the forward-looking statements included, except as required by applicable law. The forward-looking statements contained therein are expressly qualified by this cautionary statement.