BUSINESS: ThreeD Capital Inc. Announces Unaudited September 30, 2021 Net Asset Value Per Share – $1.32

dWeb.News Article from Daniel Webster dWeb.News

dWeb.News Article from Daniel Webster dWeb.News

By Daniel Webster, dWeb.News Publisher

October 14, 2021 18: 18 ET | Source: ThreeD Capital Inc

TORONTO, Oct. 14, 2021 (GLOBE NEWSWIRE) — ThreeD Capital Inc. (“ThreeD” or the “Company”) (CSE:IDK / OTCQX:IDKFF) a Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, announces that at September 30, 2021, its unaudited net asset value per share (“NAV”) was $1.32.

This announcement is made based on ThreeD’s established practice of releasing NAV on a monthly basis as part of the Company’s ongoing response to shareholder interest in receiving periodic information. NAV is calculated using unaudited financial information at the end of each month.

Use of Non-GAAP Financial Measures:

This press release contains references to NAV or “net asset value per share” which is a non-GAAP financial measure. NAV, or net asset value per share, is the sum of the total assets less total liabilities and the number of outstanding common shares as of a particular date. NAV is not a standard GAAP term and may not be comparable with similar measures presented by other companies. ThreeD’s consolidated financial reports do not include any comparable GAAP financial measures. Therefore, there is no quantitative reconciliation applicable to such non-GAAP financial measures. The Company believes the measure is useful for its shareholders to understand the Company’s performance and can be used to help evaluate the Company’s business in comparison to other companies. These data are provided to give additional information. They do not have a standard meaning as prescribed by GAAP. It should not be used as an alternative to GAAP measures of performance and it is not intended to be taken in isolation. The Company’s current NAV is not necessarily indicative of its future performance.

About ThreeD Capital Inc.

ThreeD is a publicly-traded Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors. ThreeD invests in multiple companies, both public and private, across many sectors worldwide. ThreeD invests in promising early-stage companies and may also be the lead investor. It can also provide advisory services and access the Company’s ecosystem to its investors.

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

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

Forward-Looking Statements

This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as “forward-looking statements”) within the meaning of Canadian securities laws including, without limitation, statements with respect to the future disclosure of NAV by the Company and the approximate timing thereof. Forward-looking statements include all statements that are not historical facts. Forward-looking statements are not to be relied upon without caution as they are inherently uncertain. They are based on estimates, assumptions, and are subjected to known and unknown uncertainties (both generalized and specific). These risks include those related to future events and circumstances. The Company believes the expectations and assumptions reflected in forward-looking statements in this press release are reasonable. However, it cannot guarantee that these expectations will be realized. Forward-looking statements in this press release should not be relied upon by readers. There is no guarantee that the plans, intentions, or expectations on which they are based will come to pass. Forward-looking statements are subject to many assumptions, unknown risks, and uncertainties. This could cause future results and performance to differ materially from the estimates, projections, or projections made in forward-looking statement. This news release contains forward-looking information. The Company is not required to publicly update or revise any forward-looking statements. This cautionary statement expressly qualifies forward-looking statements.

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