ThreeD Capital Inc. entered into a securities purchase agreement to acquire 2.5% stake in Lophos Holdings Inc. for CAD 0.05 million.

ThreeD Capital Inc. (CNSX:IDK) entered into a securities purchase agreement to acquire 2.5% stake in Lophos Holdings Inc. (CNSX:MESC) for CAD 0.05 million on April 12, 2024. Under the terms of the agreement, Lophos will issue and sell 2,125,000 common shares and 2,125,000 common share purchase warrants to ThreeD at a price of CAD 0.06 per Purchased Lophos Unit. Each Purchased Lophos Warrant will entitle the holder to purchase one common share of Lophos at CAD 0.10 until three years from the Closing Time.

In consideration, ThreeD will issue 150,000 common shares of ThreeD. All securities issued pursuant to the Agreement will be subject to a four month and one day hold period upon issuance. The Agreement remains subject to the approval of the Canadian Securities Exchange.