ThreeD Capital Inc. publishes an early warning report in

TORONTO, June 27, 2024 (GLOBE NEWSWIRE) — ThreeD Capital Inc. (“ThreeD”) (CSE:IDK / OTCQX:IDKFF), a Canadian venture capital firm focused on opportunistic investments in companies in the smaller resources and disruptive technology sectors, announces that, following a private placement and purchase of securities through Canadian Securities Exchange (the “Acquisitions”), ThreeD and Sheldon Inwentash (the “Common Entity”) have acquired ownership and control of an aggregate of 1,500,000 shares of common stock (the “Subject Shares”) of Quebec Innovative Materials Corp (the “Company” or “QIMC”) and 1,000,000 common share purchase warrants (the “Subject Warrants” and, together with the Subject Shares, the “Subject Securities”). As a result of the Acquisitions, the percentage of ThreeD and Common Actor increased above 10% as a result of partial dilution.

Immediately prior to the Acquisitions, ThreeD and the Joint Entity owned and controlled a total of 5,300,000 common shares and 4,000,000 common share purchase warrants of the Company, representing approximately 5.7% of the issued and outstanding common shares of QIMC (or approximately 9.5% on a partially diluted basis, assuming exercise of warrants). Of this total, ThreeD owned a total of 5,300,000 common shares and 4,000,000 common share purchase warrants, representing approximately 5.7% of the issued and outstanding common shares of QIMC (or approximately 9.5% on a partially diluted basis, assuming exercise of warrants). The Joint Entity did not own any securities of the Company, representing 0.0% of the issued and outstanding common shares of QIMC on an undiluted and partially diluted basis.

Immediately following the Arrangements, ThreeD and the Joint Activator own and control a total of 6,800,000 common shares and 5,000,000 common share purchase warrants of the Company, representing approximately 7.3% of the total issued and outstanding common shares of QIMC (or approximately 12.0% on a partially diluted basis assuming the exercise of warrants). Of this total, ThreeD owned a total of 5,800,000 common shares and 4,000,000 common share purchase warrants, representing approximately 6.2% of the total issued and outstanding common shares of QIMC (or approximately 10.0% on a partially diluted basis assuming the exercise of warrants). The shareholder held 1,000,000 common shares and 1,000,000 common share purchase warrants, representing 1.1% of the issued and outstanding common shares of QIMC (or approximately 2.1% on a partial dilution basis, assuming the exercise of the warrants).

The Company’s securities held by ThreeD and the Joint Entity are managed for investment purposes. ThreeD and the Common Entities may increase or decrease their investment in the Company at any time or continue to maintain their current position, depending on market conditions or other relevant factors.

The Subject Securities were acquired for a total amount of $45,000, or $0.03 per Subject Security.

About ThreeD Capital Inc.

ThreeD is a publicly traded Canadian venture capital firm that focuses on opportunistic investments in junior resources and disruptive technology companies. ThreeD’s investment strategy is to invest in a wide range of private and public companies in various sectors around the world. ThreeD seeks to invest in early-stage, promising companies in which it can be the main investor and can additionally provide investors with advisory services and access to the company’s ecosystem.

The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release and assumes no responsibility for its adequacy or accuracy.