ThreeD Capital Inc. Announces Completion of Securities Purchase Agreement with Lophos Holdings Inc.

TORONTO, June 20, 2024 (GLOBE NEWSWIRE) — 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 that it has closed its previously announced Securities Purchase Agreement (the “Agreement”) with Lophos Holdings Inc. (“Lophos”). As a result of the completion of the Agreement, ThreeD has received 2,125,000 common shares of Lophos (the “Purchased Lophos Shares”) and 2,125,000 common share purchase warrants of Lophos (the “Purchased Lophos Warrants”, collectively the “Purchased Lophos Units”) at a deemed price of $0.06 per Purchased Lophos Unit. Each Purchased Lophos Warrant entitles the holder thereof to purchase one common share of Lophos at a price of $0.10 per share until three years from the closing date. In consideration, ThreeD has issued an aggregate of 150,000 at a deemed price of $0.85 per common share. No commission or finders’ fees were paid in connection with the Agreement.

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