ThreeD Capital Inc. Reports Results for the Quarter Ended September 30, 2021

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TORONTO, Nov. 25, 2021 (GLOBE NEWSWIRE) – ThreeD Capital Inc. (“ThreeD” or the “Company”) (CSE: IDK / OTCQX: IDKFF) a Canadian venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, is pleased to announce its unaudited results as of September 30, 2021 and for the quarter ended on that date.

As of September 30, 2021, the Company had cash, investments and digital assets of $ 71.3 million.

As at September 30, 2021, the net asset value per share was $ 1.40, compared to $ 1.16 as at June 30, 2020. (See “Use of Non-GAAP Financial Measures” elsewhere)

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Financial highlights for the three months ending September 30, 2021 with comparative:

Operating results Three months ended September 30
20212020
Net gains from investment and digital assets$ 13,395,404$325,076
Operating, general and administrative costs (1,753,396)(794,542)
Net profit (loss) for the period11,702,982(408 176)
Total comprehensive income for the period11,702,518(407 788)
Basic income (loss) per common share0.26(0.01)
Diluted earnings (loss) per common share0.24(0.01)
Highlights of the Consolidated Statement of Financial Position September 30, 2021
June 30, 2021
Cash$ 103,505$205,425
Investments, at fair value70 765 57654 910 872
Digital assets, at fair value less costs to sell437,613216 635
Total assets72 316 93356 635 629
Because of brokers4,469,770324,042
Officer advances200,000652,365
Total responsibilities6 945 2982,769,708
Share capital, contributed surplus, warrants148 507 516148 704 320
Currency translation reserve876,370876,834
Deficit(84 012 251)(95 715 233)

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Sheldon Inwentash, Chairman of the Board and CEO, said: “Over the past three months we have seen significant returns on our early stage investments and continue to add strategic investments to our portfolio. The value of our investments has increased by over $ 15 million from our fiscal year ended June 30, 2021, as our portfolio continues to grow and strengthen. We have reason to believe in the continued success and growth of the Company. “

Use of non-GAAP financial measures:

This press release contains references to “Net Asset Value per Share” (“NAV”) which is a non-GAAP financial measure. Net asset value is the value of total assets less the value of total liabilities divided by the total number of common shares outstanding on a specific date. The term NAV does not have a standardized meaning according to generally accepted accounting principles (“GAAP”) and therefore may not be comparable to similar measures presented by other companies. There is no comparable GAAP financial measure presented in ThreeD’s consolidated financial statements and therefore no applicable quantitative reconciliation for such non-GAAP financial measure. The Company believes that the measure provides useful information for its shareholders to understand our performance and can help assess the Company’s activities against those of its peers.

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About ThreeD Capital Inc.

ThreeD is a publicly traded Canadian venture capital firm focused on opportunistic investments in junior resource and disruptive technology companies. ThreeD’s investment strategy is to invest in several private and public companies in various sectors globally. ThreeD is looking to invest in promising early stage companies where it can be the primary investor and can further provide owned companies with advisory services and access to the business ecosystem.

For more information:
Lynn Chapman, CPA, CA
Chief Financial Officer and Corporate Secretary
chapman@threedcap.com
Telephone: 416-941-8900

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

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Forward-looking statements

This press release contains certain forward-looking statements and information (collectively referred to herein as “forward-looking statements”) within the meaning of Canadian securities laws, including, without limitation, statements regarding the Company’s future investments. All statements other than statements of historical fact are forward-looking statements. One should not place undue reliance on forward-looking statements, which are inherently uncertain, are based on estimates and assumptions, and are subject to known and unknown risks and uncertainties (both general and specific) that contribute to the possibility that future events or circumstances contemplated by forward-looking statements will not occur. Although the Company believes that the expectations reflected in the forward-looking statements contained in this press release, and the assumptions upon which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on any forward-looking statements included in this document, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will be achieved. By their nature, forward-looking statements involve many assumptions, known and unknown risks, and uncertainties that contribute to the possibility that predictions, forecasts, projections and other forward-looking statements will not occur, which may result in performance and risks. actual results of the Company in future periods differ materially from any estimate or projection of future performance or results expressed or implied by such forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof, and the Company assumes no obligation to publicly update or revise any forward-looking statements included, except as required by applicable law. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.

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