ThreeD Capital Inc. Announces Unaudited October 31, 2022, Net Asset Value Per Share – $0.85

TORONTO, Nov. 07, 2022 ThreeD Capital Inc. (“ThreeD” or the “Company”) (CSE:IDK / OTCQX:IDKFF) A Canadian venture capital firm reports that as of October 31, 2022, its estimated net asset value per share (“NAV”) was $0.85. The firm focuses on opportunistic investments in businesses in the junior resources and disruptive technologies sectors.

This announcement is based on ThreeD’s long-standing practice of publishing NAV monthly as part of the company’s continued effort to satisfy shareholders’ desire to obtain periodic information. Based on unaudited month-end financial data, NAV is determined.

Use of Non-GAAP Financial Measures:

‘Net asset value per share,’ often known as NAV, is a non-GAAP financial measure mentioned in this press release. The NAV is determined by dividing the total market value of all outstanding common shares as of a given date by the full value of all assets minus the total value of all liabilities. According to GAAP, the word “NAV” has no standardized meaning; hence it might not be comparable to metrics reported by other companies. The consolidated financial statements of ThreeD do not include any equivalent GAAP financial measures; hence there is no suitable quantitative reconciliation for such a non-GAAP financial metric. The Company thinks that the measure gives its shareholders information that will help them understand the company’s performance and may help them compare the company’s operations to those of its peers. This material is provided purely for illustrative purposes and has no standardized meaning defined by GAAP. As a result, it shouldn’t be used in place of, or as a substitute for, performance metrics that GAAP provides, and it shouldn’t be assumed to be representative of other metrics presented by GAAP. The Company’s current NAV is not always indicative of the Company’s future performance or the NAV of the Company at any given time.

About ThreeD Capital Inc.

Venture capital firm ThreeD, with offices in Canada, specializes in making opportunistic investments in businesses operating in the junior resources and disruptive technologies industries. ThreeD’s investment strategy involves investing in numerous private and public companies operating in multiple global industries. ThreeD wants to invest in early-stage, promising companies where it can serve as the lead investor, offering consulting services and access to the company’s ecosystem to investors.

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

The Canadian Securities Exchange disclaims any responsibility for the quality or accuracy of the information contained in this news release and has neither authorized nor disapproved its contents.

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 concerning the future disclosure of NAV by the Company and the approximate timing 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 (both general and specific) that contribute to the possibility that the 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 related to the fact that 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 and may not be indicative of NAV for any future periods. Although the Company believes that the expectations reflected in the forward-looking statements in this press release, and the assumptions on which such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance that the plans, intentions, or expectations upon 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 the predictions, forecasts, projections, and other forward-looking statements will not occur, which may cause the Company’s actual performance and results in future periods to differ materially from any estimates or forecasts of future performance or results expressed or implied by such forward-looking statements. The forward-looking statements in this news release are made as of the date. The Company does not undertake any obligation to update publicly or revise any of the included forward-looking statements except as required by applicable law. This cautionary statement expressly qualifies the forward-looking statements contained herein.

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