ThreeD Capital Inc. acquires securities of Nirvana Life


TORONTO, June 15, 2022 (GLOBE NEWSWIRE) — ThreeD Capital Inc. (“ThreeD”) (CSE: IDK / OTCQX: IDKFF), a Canadian venture capital firm focused on opportunistic investments in junior resource companies and Disruptive Technologies , announces that through the completion of a private placement (“Acquisition”), ThreeD has acquired ownership and control of an aggregate of 500,000 common shares (the “Target Shares”) and 500 000 warrants to purchase common shares (the “Target Warrants” and together with the Target Shares, the “Target Units”) of Nirvana Life Sciences Inc. (“Nirvana” or the “Company”). The affected shares represented approximately 1.4% of all issued and outstanding common shares of Nirvana. Following the Acquisition, the percentage ownership held by ThreeD and Sheldon Inwentash (the “Joint Actor”) increased by 2.1%, on a partially diluted basis, compared to the last filed Early Warning Report in connection with the acquisition of Nirvana shares. , whose joint actor, along with ThreeD, reported a 13.6% stake on a partially diluted basis, assuming the exercise of all warrants held.

Immediately prior to the acquisition, ThreeD and the joint actor owned and controlled a total of 4,500,000 common shares and no warrants of Nirvana representing approximately 13.6% of all issued and outstanding common shares of the company on a non-dilutive and partially dilutive basis. Of this total, ThreeD held a total of 3,000,000 common shares of the Company, representing approximately 9.1% of the issued and outstanding common shares of the Company on a non-dilutive and partially dilutive basis. The Co-Actor held an aggregate of 1,500,000 common shares of the Company, representing approximately 4.5% of the issued and outstanding common shares of the Company on a non-dilutive and partially dilutive basis.

Immediately following the acquisition, ThreeD and the joint player own and control a total of 5,000,000 common shares and 500,000 warrants of Nirvana, representing approximately 14.5% of all issued and outstanding common shares of Company (or approximately 15.7% on a partially diluted basis assuming the exercise of Warrants). Of this total, ThreeD held a total of 3,500,000 common shares and a total of 500,000 warrants of the Company, representing approximately 10.2% of the issued and outstanding common shares of the Company (or approximately 11.4% on a partially diluted basis assuming the exercise of the mandates). The Co-Actor held an aggregate of 1,500,000 common shares of the Company, representing approximately 4.4% of the issued and outstanding common shares of the Company on a non-dilutive and partially dilutive basis.

The acquisition was made through a private placement and not through a stock exchange. The holdings of securities of the Company by ThreeD and the Joint Actor are managed for investment purposes, and ThreeD or the Joint Actor could 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 total consideration paid for the acquisition of the Subject Units was $150,000, or $0.30 per Subject Unit.

About ThreeD Capital Inc.

ThreeD is a publicly traded Canadian venture capital firm focused on opportunistic investments in companies in the junior resource and disruptive technology sectors. ThreeD’s investment strategy is to invest in multiple private and public companies in various industries globally. ThreeD seeks to invest in promising early-stage companies where it can be the primary investor and can additionally provide corporate issuers with advisory services and access to the company’s ecosystem.

For more information:
Lynn Chapman, CPA, CA
Chief Financial Officer and Corporate Secretary
[email protected]
Phone: 416-941-8900

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

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