TORONTO, Feb. 10, 2022 (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, is pleased to announce its unaudited results as at and for the three and six months ended December 31, 2021.

As at December 31, 2021, the Company had cash, investments and digital assets of $55.9 million.

As at December 31, 2021, net asset value per share was $1.16 as compared to the June 30, 2021 value which was also $1.16. (See “Use of Non-GAAP Financial Measures” elsewhere)

Financial Highlights for the three and six months ending December 31, 2021 with comparatives:

Sheldon Inwentash, Chairman and CEO of ThreeD, stated “During the six months ended December 31, 2021, we were able to realize significant gains on key investments. By December 31, 2021 we were able to generate a total of $10.0 million in realized gains compared to the previous years realized gains of $6.5 million, a 54% increase. We continue adding strategic investments to our portfolio and look forward to the continued success 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. NAV is calculated as the value of total assets less the value of total liabilities divided by the total number of common shares outstanding as at a specific date. The term NAV does not have any standardized meaning according to 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 thus no applicable quantitative reconciliation for such non-GAAP financial measure. The Company believes that the measure provides information useful to its shareholders in understanding our performance, and may assist in the evaluation of the Company’s business relative to that of its peers.

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’s investment strategy is to invest in multiple private and public companies across a variety of sectors globally. ThreeD seeks to invest in early stage, promising companies where it may be the lead investor and can additionally provide investees with advisory services and access to the Company’s ecosystem.

For further information:
Lynn Chapman, CPA, CA
Chief Financial Officer and Corporate Secretary
Feldman@threedcap.com
Phone: 416-941-8900 ext 106

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.