ThreeD Capital Inc. Completes Securities Purchase Agreement with Sariel Diagnostics Corp.
ThreeD Capital Inc. (“ThreeD” or the “Company”) (CSE:IDK) (OTCQB:IDKFF), a Canadian venture capital firm that focuses on strategic investments in junior resources and disruptive technologies, is excited to announce the successful closing of its Securities Purchase Agreement (the “Agreement”) with Sariel Diagnostics Corp. (“Sariel”), a privately held company incorporated in British Columbia. Under the terms of the Agreement, ThreeD has purchased 3,200,000 common shares of Sariel at a price of $0.05 per share. In exchange, ThreeD has issued a total of 200,000 common shares of the Company, valued at a deemed price of $0.80 per share. Importantly, no commissions or finder’s fees were incurred in relation to this Agreement.
All securities issued and those that may be issued under this Agreement are subject to a statutory hold period.
About ThreeD Capital Inc.
ThreeD is a publicly traded venture capital firm based in Canada, dedicated to making opportunistic investments in both junior resources and disruptive technologies. The Company’s investment approach involves engaging with a diverse range of private and public companies across various sectors worldwide. ThreeD aims to invest in promising early-stage companies, often taking the lead in investments while also offering advisory services and facilitating access to its ecosystem for the investees.
For further information:
Matthew Davis, CPA
Chief Financial Officer
davis@threedcap.com
Phone: 416-941-8900
Frequently Asked Questions
What is the purpose of the agreement between ThreeD and Sariel?
The agreement enables ThreeD to acquire shares in Sariel Diagnostics Corp. for strategic investment purposes.
How many shares did ThreeD acquire from Sariel?
ThreeD acquired a total of 3,200,000 common shares of Sariel.
What was the price per share for the acquisition?
The acquisition price was set at $0.05 per share.
Who can provide more information regarding the agreement?
Matthew Davis, the Chief Financial Officer of ThreeD, is available to answer further inquiries.
Does this agreement involve any finder’s fees?
No commissions or finder’s fees were paid in connection with this agreement.
