The Strategic Shuffle
In a calculated maneuver, ThreeD Capital Inc. (“ThreeD”), a Canadian venture capital firm with a penchant for investments in junior resources and disruptive technologies, made headlines with its recent actions. On October 11, 2024, ThreeD engaged in a series of transactions, resulting in the sale of an aggregate of 10,750,000 common shares of Birchtree Investments Ltd. A move that reduced its ownership below the 10% threshold. This shift marked a significant departure from ThreeD’s previously reported ownership stake of 15.7%, signaling a strategic pivot in its investment portfolio.
The Numbers Game
Before the transactions, ThreeD boasted ownership and control of 10,750,000 common shares of Birchtree, equating to approximately 12.9% of all issued and outstanding common shares of the Company. However, following the dispositions, ThreeD divested itself of all securities tied to Birchtree, marking a clean break from its previous holdings.
Investing for Tomorrow
The disposal of the Subject Shares, executed through the Canadian Securities Exchange, was not merely a financial transaction for ThreeD. The company’s holdings in Birchtree were strategically managed for investment purposes, underscoring ThreeD’s ability to adapt to market conditions and explore various opportunities in alignment with its investment strategy.
Value in Transition
The Subject Shares exchanged hands for a total consideration of $215,000, translating to an approximate value of $0.02 per share. While the financials may seem modest at first glance, the implications of this strategic move extend far beyond the surface.
Mapping the Future
About ThreeD Capital Inc.
ThreeD is no stranger to the investment landscape, operating as a publicly-traded Canadian venture capital firm with a keen eye for early-stage ventures. With a focus on junior resources and disruptive technologies, ThreeD’s investment strategy spans across private and public companies globally. Serving not just as an investor but as a strategic partner, ThreeD offers advisory services and ecosystem access to its investees, setting the stage for collaborative growth.
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.
