Immediately prior to the Acquisitions, ThreeD and the Joint Actor owned and controlled an aggregate of 17,659,000 common shares, 1,000,000 stock options, and convertible debentures entitling ThreeD and the Joint Actor to acquire 5,000,000 common shares and 5,000,000 common share purchase warrants of the Company, representing approximately 14.0% of all issued and outstanding common shares of infinitii (or approximately 20.9% on a partially diluted basis, assuming exercise of the warrants, stock options, and convertible debentures held). Of this total, ThreeD held an aggregate of 17,659,000 common shares and convertible debentures entitling ThreeD to acquire 4,000,000 common shares and 4,000,000 common share purchase warrants, representing approximately 14.0% of the issued and outstanding common shares of infinitii (or approximately 19.1% on a partially diluted basis, assuming exercise of the convertible debentures held). The Joint Actor held 1,000,000 stock options and convertible debentures entitling the Joint Actor to acquire 1,000,000 common shares and 1,000,000 common share purchase warrants, representing 0.0% of the issued and outstanding common shares of infinitii (or approximately 2.3% on a partially diluted basis, assuming exercise of the convertible debentures held).
Immediately following the Acquisitions, ThreeD and the Joint Actor own and control an aggregate of 18,659,000 common shares, 1,000,000 common share purchase warrants, 1,000,000 stock options, and convertible debentures entitling ThreeD and the Joint Actor to acquire 9,000,000 common shares and 9,000,000 common share purchase warrants of the Company, representing approximately 14.4% of all issued and outstanding common shares of infinitii (or approximately 25.9% on a partially diluted basis, assuming exercise of the warrants, stock options, and convertible debentures held). Of this total, ThreeD held an aggregate of 17,659,000 common shares and convertible debentures entitling ThreeD to acquire 8,000,000 common shares and 8,000,000 common share purchase warrants, representing approximately 13.6% of the issued and outstanding common shares of infinitii (or approximately 23.1% on a partially diluted basis assuming the exercise of the convertible debentures held). The Joint Actor held 1,000,000 common shares, 1,000,000 common share purchase warrants, 1,000,000 stock options and convertible debentures entitling the Joint Actor to acquire 1,000,000 common shares and 1,000,000 common share purchase warrants, representing 0.8% of the issued and outstanding common shares of infinitii (or approximately 3.7% on a partially diluted basis, assuming exercise of the warrants, stock options, and convertible debentures held).
The Acquisitions were conducted through a private placement and not through the facilities of any stock exchange. Holdings of securities of the Company by ThreeD and the Joint Actor are managed for investment purposes. ThreeD and the Joint Actor could increase or decrease its investments in the Company at any time, or continue to maintain its current position, depending on market conditions or any other relevant factor.
The Subject Units were acquired pursuant to a
About
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:
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.
Source:
2024 GlobeNewswire, Inc., source