TORONTO, ONTARIO--(Marketwired - Aug. 19, 2016) - 1313366 Ontario Inc. ("1313366") of 55 Burbank Drive, Toronto, ON, L4J 7T9, announces that on August 17, 2016, it acquired ownership of 2,000,000 common shares ("Common Shares") and 2,000,000 common share purchase warrants (each, a "Warrant") (each Warrant entitling the holder thereof to acquire one additional Common Share at a price per common share of $0.10 until August 17, 2019) of ThreeD Capital Inc. ("ThreeD") representing approximately 14.8% of the total issued and outstanding common shares of ThreeD as of August 17, 2016, calculated on a partially diluted basis assuming exercise of the Warrants only. As a result of this transaction, 1313366 held as at August 17, 2016, an aggregate of 2,611,900 common shares of ThreeD, including the Common Shares, and rights to acquire an additional 2,000,000 common shares of ThreeD upon exercise of the Warrants. In the event that the Warrants are fully exercised, the holdings of 1313366 represents a total of 4,611,900 common shares of ThreeD, or approximately 17.1% of all issued and outstanding common shares as at August 17, 2016, calculated on a partially diluted basis assuming the exercise of the Warrants only.
These transactions were made for investment purposes and 1313366 could increase or decrease its investment in ThreeD depending on market conditions or any other relevant factor.
This press release is issued pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bids and Insider Reporting Issues in connection with the filing of an early warning report.
To obtain a copy of the Early Warning Report filed by Inwentash, refer to ThreeD's sedar profile at www.sedar.com.