TORONTO, ONTARIO--(Marketwired - Aug. 19, 2016) - Jakson Inwentash ("Inwentash") of 126 Old Forest Hill, Toronto, ON, M5P 2R9, announces that on August 17, 2016, he acquired ownership of 1,200,000 common shares ("Common Shares") and 1,200,000 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 9.2% 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, Inwentash held as at August 17, 2016, an aggregate of 1,905,100 common shares of ThreeD, including the Common Shares, and rights to acquire an additional 1,200,000 common shares of ThreeD upon exercise of the Warrants. In the event that the Warrants are fully exercised, the holdings of Inwentash represents a total of 3,105,100 common shares of ThreeD, or approximately 11.9% 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 Inwentash could increase or decrease his 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.