ThreeD Capital Acquires Securities of Electric Metals (USA) Ltd. through Two Private Placements and Sheldon Inwentash to beco...
05 Janeiro 2021 - 11:21AM
ThreeD Capital Inc. (“ThreeD” or the “Company”) (CSE:IDK)
(OTCQB: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 two
investments, for a total of $530,000 in Electric Metals (USA) Ltd.
(“EML ”), a multi-commodity US-based resource company focused on
their 100% owned Corcoran Canyon Silver Project in Nevada and Emily
Manganese Project in Minnesota.
In the first private placement, The Company has
acquired 1,000,000 shares (the “Shares”) at a price of $0.20 per
Share in EML.
In the second private placement, The Company has
acquired 1,000,000 Subscription Receipts (the “Sub Receipts”) at a
price of $0.33 per Sub Receipts. Each Sub Receipts will entitle
ThreeD to receive one (1) common share of EML (a “Common Share”)
and one-half (1/2) of one Common Share purchase warrant (each whole
warrant, a “Warrant”), with each whole warrant exercisable at $0.60
per Warrant. The Warrants will expire two (2) years from the date
of issuance.
EML signed a definitive scheme implementation
agreement, effective 31st December 2020, with NBS Capital Inc.
(“NBS”) (TSXV: NBS.P), as announced yesterday by NBS. Pursuant to
this Agreement, NBS will acquire all of the shares of EML via share
exchange for an equivalent number of NBS shares, which will result
in EML becoming a wholly owned subsidiary of NBS. NBS will change
its name change to Nevada Silver Corporation on closing of the
proposed transaction, reflecting the focus of EML on its principal
Nevada silver asset.
Sheldon Inwentash has also agreed to come on as
Chairman of the Board of Directors to NBS, which will take effect
upon the closing of the proposed transaction with NBS.
Sheldon Inwentash, Chairman and CEO of ThreeD
Capital stated “ThreeD Capital prides itself on discovering great
companies before they become known to the general investment
community, and EML is no exception. With 100% ownership of a
US-based primary silver-gold asset with existing resources and
significant upside potential, I am confident EML will deliver
exceptional value to IDK shareholders.”
Gary Lewis, Director and CEO of EML commented,
“We are delighted to welcome ThreeD Capital onto the EML register
and Mr. Sheldon Inwentash as our incoming Chairman at such a
pivotal time in the company’s development. EML has built a strong
asset base and technical capability which, when coupled with the
reputation, rolodex and investment nous of Mr. Inwentash, will make
for a very compelling combination.”
This Press Release is available on the ThreeD
Capital verified forum on AGORACOM. The forum is live and can be
found at
https://agoracom.com/ir/threedcapital/forums/discussion
About Electric Metals (USA)
Ltd.
EML is an unlisted public company incorporated
under the laws of New South Wales, Australia. It is a U.S.-based
resource company, with its material asset being the
100-per-cent-owned Corcoran Canyon silver project in Nevada. EML
also holds a high-grade manganese project in Minnesota, United
States.
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: Gerry Feldman, CPA,
CAChief Financial Officer and Corporate
SecretaryFeldman@threedcap.comPhone: 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.
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 with respect to the future investments by
the Company. 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. 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 made, 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 projections of future performance or results
expressed or implied by such forward-looking statements. The
forward-looking statements contained in this news release are made
as of the date hereof and the Company does not undertake any
obligation to update publicly or to revise any of the included
forward-looking statements, except as required by applicable law.
The forward-looking statements contained herein are expressly
qualified by this cautionary statement.
NBS Capital (TSXV:NBS.P)
Gráfico Histórico do Ativo
De Set 2024 até Out 2024
NBS Capital (TSXV:NBS.P)
Gráfico Histórico do Ativo
De Out 2023 até Out 2024