ThreeD Capital Inc. Announces Unaudited Net Asset Value per Share as of December 31, 2021

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TORONTO, Jan. 14, 2022 (GLOBE NEWSWIRE) — ThreeD Capital Inc. (“ThreeD” or the “Company”) (CSE: IDK / OTCQX: IDKFF), a Canada-based venture capital firm focused on opportunistic investments in companies in the junior resource and disruptive technology sectors, announces that as of December 31, 2021, its unaudited net asset value per share (“NAV”) was $1.16.

This announcement is made based on ThreeD’s established practice of publishing NAV on a monthly basis as part of the Company’s ongoing response to shareholder interest in receiving periodic information. Net asset value is calculated based on 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 given date. The term net asset value 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, accordingly, no applicable quantitative reconciliation for this 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 in the evaluation of the activities of the Company compared to those of its peers. This data is provided to provide additional information and does not have any standardized meaning prescribed by GAAP. Accordingly, it should not be considered 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 net asset value of the company is not necessarily predictive of the future performance of the company or the net asset value 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 companies in the junior resource and disruptive technology sectors. ThreeD’s investment strategy is to invest in multiple private and public companies in various industries globally. ThreeD seeks to invest in promising early-stage companies where it can be the lead investor and can additionally provide corporate issuers with advisory services and access to the company’s ecosystem.

For more information:

Lynn Chapman, CPA, CA

Chief Financial Officer and Corporate Secretary
[email protected]

Phone: 416-941-8900

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

Forward-looking statements

This press 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 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. Undue reliance should not be placed on forward-looking statements, which are inherently uncertain, are based on estimates and assumptions, and are subject to known and unknown risks and uncertainties (general and specific) that contribute to the possibility that future events or circumstances contemplated by the 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 term NAV not having of 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 on which such forward-looking statements are based 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 herein, as there can be no assurance that the plans, intentions or expectations on which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous 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 actual performance and 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 undertakes no obligation to publicly update or revise any of the forward-looking statements included, except as required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary statement.


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