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ThreeD Capital Announces Proposed Private Placement

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TORONTO, Aug. 03, 2018 (GLOBE NEWSWIRE) -- ThreeD Capital Inc. ("ThreeD" or the "Company") (CSE:IDK) a Canadian-based venture capital firm focused on investments in promising, early stage companies and ICOs with disruptive capabilities, announces today that it is proposing to complete a non-brokered private placement to sell up to 10 million units ("Units") at a price of $0.10 per Unit, for aggregate gross proceeds of up to $1,000,000 (the "Financing").  Each Unit will consist of one common share of the Company and one common share purchase warrant (a "Warrant").  Each Warrant will entitle the holder to acquire one additional common share of the Company at an exercise price of $0.15 per share for a period of 36 months following the closing date of the Financing.   Up to 100% of the Financing may be purchased by insiders of ThreeD.

The gross proceeds of the offering will be used for general and administrative expenses and the purchase of investments.  Completion of the offering is subject to regulatory approval, including the approval of the Canadian Securities Exchange.  The common shares and Warrants issued will be subject to a four-month hold period from the date of the closing of the Financing.  The Financing is expected to close by August 15, 2018.

About ThreeD Capital Inc.

ThreeD is a publicly-traded Canadian-based venture capital firm focused on opportunistic investments in companies in the Junior Resources, Artificial Intelligence and Blockchain sectors.  ThreeD seeks to invest in early stage, promising companies and ICOs where it may be the lead investor and can additionally provide investees with advisory services, mentoring and access to the Company's ecosystem.

For further information:
Gerry Feldman, CPA, CA
Chief Financial Officer and Corporate Secretary
Feldman@threedcap.com
Phone: 416-941-8900 ext 106

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