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TORONTO, May 26, 2023 (GLOBE NEWSWIRE) — ThreeD Capital Inc. (“ThreeD” or the “Company”) (CSE:IDK / OTCQX:IDKFF) a Canadian-based enterprise capital agency targeted on opportunistic investments in corporations within the junior assets and disruptive applied sciences sectors, is happy to announce its unaudited outcomes as at and for the three and 9 months ended March 31, 2023.

As at March 31, 2023, the Company had money, investments and digital property of $37.5 million.

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As at March 31, 2023, internet asset worth per share was $0.78 as in comparison with $1.06 as at June 30, 2022. (See “Use of Non-GAAP Financial Measures” elsewhere)

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Financial Highlights for the three and 9 months ending March 31, 2023 with comparatives:

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Sheldon Inwentash, Chairman and CEO of ThreeD, said “During the past nine months, the Company has maintained a net realized gain on the disposal of investments, while operating in unfavourable market conditions. As high inflation and interest rates continue to contribute to volatile market conditions, ThreeD’s approach to harnessing strategic relationships, that lead to opportunistic investments, will enable the Company to navigate through a challenging environment and maximize value on its investments. The Company is seeing early signs of success on its recent digital asset investments that we believe will provide ThreeD with strong future returns and lead to significant opportunities for the Company to meet its long-term objectives.”

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Use of Non-GAAP Financial Measures:

This press launch comprises references to “net asset value per share” (“NAV”) which is a non-GAAP monetary measure. NAV is calculated as the worth of complete property much less the worth of complete liabilities divided by the overall variety of frequent shares excellent as at a selected date. The time period NAV doesn’t have any standardized that means in line with GAAP and subsequently is probably not similar to related measures offered by different corporations. There isn’t any comparable GAAP monetary measure offered in ThreeD’s consolidated monetary statements and thus no relevant quantitative reconciliation for such non-GAAP monetary measure. The Company believes that the measure supplies info helpful to its shareholders in understanding our efficiency, and will help within the analysis of the Company’s enterprise relative to that of its friends.

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About ThreeD Capital Inc.

ThreeD is a publicly-traded Canadian-based enterprise capital agency targeted on opportunistic investments in corporations within the junior assets and disruptive applied sciences sectors.  ThreeD’s funding technique is to put money into a number of personal and public corporations throughout a wide range of sectors globally. ThreeD seeks to put money into early stage, promising corporations the place it could be the lead investor and might moreover present investees with advisory companies and entry to the Company’s ecosystem.

The Canadian Securities Exchange has neither permitted nor disapproved the contents of this information launch and accepts no accountability for the adequacy or accuracy hereof.

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Forward-Looking Statements

This information launch comprises sure forward-looking statements and forward-looking info (collectively referred to herein as “forward-looking statements”) throughout the that means of Canadian securities legal guidelines together with, with out limitation, statements with respect to the longer term investments by the Company. All statements apart from statements of historic reality are forward-looking statements. Undue reliance shouldn’t be positioned on forward-looking statements, that are inherently unsure, are primarily based on estimates and assumptions, and are topic to recognized and unknown dangers and uncertainties (each basic and particular) that contribute to the chance that the longer term occasions or circumstances contemplated by the forward-looking statements won’t happen. Although the Company believes that the expectations mirrored within the ahead trying statements contained on this press launch, and the assumptions on which such forward-looking statements are made, are cheap, there could be no assurance that such expectations will show to be right. Readers are cautioned to not place undue reliance on forward-looking statements included on this doc, as there could be no assurance that the plans, intentions or expectations upon which the forward-looking statements are primarily based will happen. By their nature, forward-looking statements contain quite a few assumptions, recognized and unknown dangers and uncertainties that contribute to the chance that the predictions, forecasts, projections and different forward-looking statements won’t happen, which can trigger the Company’s precise efficiency and ends in future intervals to vary materially from any estimates or projections of future efficiency or outcomes expressed or implied by such forward-looking statements. The forward-looking statements contained on this information launch are made as of the date hereof and the Company doesn’t undertake any obligation to replace publicly or to revise any of the included forward-looking statements, besides as required by relevant regulation. The forward-looking statements contained herein are expressly certified by this cautionary assertion.