ThreeD Capital Inc.Announces Unaudited Net Asset Value Per Share As at August 31, 2021 – $ 1.28



TORONTO, Sep 08, 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 technology sectors, announces that as of August 31, 2021, its net asset value per unaudited share (“NAV”) was $ 1.28.

This announcement is made based on ThreeD’s established practice of publishing NAV on a monthly basis as part of the Company’s continued response to shareholders’ interest in receiving periodic information. The net asset value is calculated on the basis of unaudited month-end financial information.

Use of non-GAAP financial measures:

This press release contains references to net asset value or “net asset value per share”, 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 under 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 to its shareholders to understand the performance of the Company and can help to assess the activities of the Company against those of its peers. This data is provided to provide additional information and does not have a standardized meaning prescribed by GAAP. Therefore, it should not be viewed in isolation or as a substitute for performance measures prepared in accordance with GAAP, and is not necessarily indicative of other measures presented in accordance with GAAP. The existing NAV of the Company is not necessarily predictive of the future performance of the Company or the NAV of the Company at a future date.

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 seeks to invest in promising companies at an early stage where it can be the primary investor and can further provide owned companies with advisory services and access to the Company’s ecosystem.

For more information:
Lynn Chapman, CPA, CA
Chief Financial Officer and Corporate Secretary
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.

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 future disclosure of net asset value by the Company and the approximate timetable thereof. 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, including, without limitation, risks relating to the timing and content of future public disclosures by the Company or relating to the fact that the term NAV does not has no standardized meaning under GAAP and therefore may not be comparable to similar measures presented by other companies and may not be indicative of net asset value for future periods. 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 cause 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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