ThreeD Capital Inc. sells shares of Bluesky


TORONTO, Feb. 28 Feb. 20, 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 technology sectors, announces that through a series of transactions (“Dispositions”), ThreeD and Sheldon Inwentash (the “Joint Actor”) have transferred ownership and control of an aggregate of 8,445,000 common shares (the “Shares concerned”) of Bluesky Digital Assets Corp (the “Company” or “Bluesky”). The Subject Shares represented approximately 14.3% of all issued and outstanding common shares of the Company. Following the Dispositions, the ownership percentage held by ThreeD and the Joint Actor has decreased by 14.3% compared to its last early warning report filed in connection with the acquisition of Bluesky shares, including ThreeD, with the Joint Actor, declared a 29.5% ownership on a partially diluted basis, assuming the exercise of outstanding warrants and options held.

Immediately prior to the Divestitures, ThreeD and the Joint Actor owned and controlled a total of 10,957,000 common shares, 7,150,000 warrants and 500,000 options of Bluesky, representing approximately 20.2% of all common shares issued and in circulation of the Company (or approximately 30.1% on a partially diluted basis assuming the exercise of warrants and options). Of this total, ThreeD held a total of 7,068,500 common shares and 3,950,000 warrants of the Company, representing approximately 13.0% of the issued and outstanding common shares of the Company (or approximately 19.0% on a partially diluted basis assuming exercise of warrants held) . The joint actor held an aggregate of 3,888,500 common shares, 3,200,000 warrants, 500,000 options of the Company, representing approximately 7.2% of the issued and outstanding common shares of the Company (or approximately 13.1 % on a partially diluted basis, assuming the exercise of warrants and options held).

Immediately following the dispositions, ThreeD and the joint actor owned and controlled a total of 2,512,000 common shares, 7,150,000 warrants and 500,000 options of Bluesky, representing approximately 4.2% of all common shares issued and in circulation of the Company (or approximately 15.2% on a partially diluted basis assuming the exercise of warrants and options). Of this total, ThreeD held a total of 1,662,000 common shares and 3,950,000 warrants of the Company representing approximately 2.8% of the issued and outstanding common shares of the Company (or approximately 8.9% on a partially diluted assuming exercise of warrants). The co-actor held an aggregate of 850,000 common shares, 3,200,000 warrants and 500,000 options of the Company representing approximately 1.4% of the issued and outstanding common shares of the Company (or approximately 7.2% on a partially diluted, assuming exercise of warrants and options held).

The transfers were made through the facilities of the Canadian Securities 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 received for the disposition of the Subject Shares was $1,841,891, or $0.22 per Subject Share.

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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