TORONTO, December 14, 2020 (GLOBE NEWSWIRE) – ThreeD Capital Inc. (âThreeDâ or the âCompanyâ) (CSE: IDK / OTCQB: IDKFF) announces that it will begin to publicly disclose the net asset value per unaudited share ( âNAVâ) on a monthly basis, effective January 31, 2021. This extends ThreeD’s established practice of reporting NAV on a quarterly basis and reflects our response to shareholders’ interest in receiving NAV information. more frequently.
The monthly net asset value will be disclosed by the Company in a press release and will be available on the Company’s website approximately 15 days after the end of the month. The net asset value will be calculated based on unaudited month-end financial information.
Net asset value is a non-GAAP measure calculated as the value of total assets less the value of total liabilities divided by the total number of common shares outstanding, on a specific date. The term NAV does not have a standardized meaning under GAAP and therefore may not be comparable to similar measures presented by other companies.
âThreeD believes that providing monthly NAV updates will benefit our shareholders by providing information useful in understanding our performance,â said Sheldon Inwentash, Chief Executive Officer, âThis metric will help provide a baseline for evaluate our company against this. of our peers â.
About ThreeD Capital Inc.
ThreeD is a publicly traded Canadian venture capital firm focused on opportunistic investments in companies in the junior resource and disruptive technology sectors. ThreeD’s investment strategy is to invest in several private and public companies in various sectors globally. ThreeD seeks to invest in promising companies at an early stage where it can be the lead investor and can further provide owned companies with advisory services and access to the Company’s ecosystem.
For more information:
Gerry Feldman, CPA, CA
Chief Financial Officer and Corporate Secretary
Telephone: 416-941-8900 ext 106
The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release and accepts no responsibility for the adequacy or accuracy of this press release.
This press release contains certain forward-looking statements and information (collectively referred to herein as “forward-looking statements”) within the meaning of Canadian securities laws, including, without limitation, statements regarding the timing and content of future disclosures. of the Company’s net asset value. All statements other than statements of historical fact are forward-looking statements. One should not place undue reliance 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 future events or circumstances contemplated by forward-looking statements will not occur, including, without limitation, risks relating to the timing and content of future public disclosures by the Company or relating to the fact that the term NAV does not has no standardized meaning under GAAP and therefore may not be comparable to similar measures presented by other companies. Although the Company believes that the expectations reflected in the forward-looking statements contained in this press release, and the assumptions upon 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 any 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 be achieved. By their nature, forward-looking statements involve many assumptions, known and unknown risks, and uncertainties that contribute to the possibility that predictions, forecasts, projections and other forward-looking statements will not be achieved, which may result in performance and risks. actual results of the Company in future periods differ materially from any estimate or projection of future performance or results expressed or implied by such forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof, and the Company assumes no obligation to publicly update or revise any forward-looking statements included, except as required by applicable law. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.