ThreeD Capital Completes $375,000 Investment Into Intellabridge Technology Corporation
TORONTO, Feb. 18, 2021 (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 a $375,000 investment in Intellabridge Technology Corporation (“Intellabridge”) (CSE: INTL) (OTC Pink: CRBTF) (FSE: 98AA) a blockchain technology company focused on developing decentralized finance technology solutions.
The Company has acquired 2,500,000 units (the “Units”) at a price of $0.15 per Unit for aggregate proceeds of $375,000. Each Unit consists of one (1) common share of Intellabridge (a “Common Share”) and one Common Share purchase warrant (a “Warrant”), exercisable at a price of $0.45 per Warrant. The Warrants will expire two (2) years from the date of issuance.Sheldon Inwentash, Chairman & CEO of ThreeD Capital has also agreed to join Intellabridge’s Advisory Board.“DeFi technologies provide peer-to-peer financial transactions without a middle entity such as a bank. Blockchains allow this to be done in transparent and trustless manner. Intellabridge is simplifying the process by which the average person can get exposure to DeFi and the high interest rates accompanied in yield finance to protect individuals against purchasing power erosion by inflation. Our investment in Intellabridge perfectly aligns with our vertical of and belief in blockchain and other decentralized technologies. I am very excited to join the Advisory Board and work with Intellabridge management,” said Sheldon Inwentash.“We are very pleased to have Sheldon join our Advisory Board, with his experience at the intersection of blockchain, financial technologies and public markets. In particular, as we continue to build out our Advisory Board we welcome the support of ThreeD Capital. This represents an important step for Intellabridge as we continue to build relationships with strategic partners and investors,” explained Intellabridge CEO, John Eagleton.About Intellabridge Technology CorporationIntellabridge Technology Corporation is a venture builder investing in blockchain technologies with a focus on fintech and decentralized financial (“DeFi”) solutions. Intellabridge is dedicated to bringing decentralized financial solutions to market, leveraging their team’s experience in blockchain and DeFi to identify the next disruptions in financial technology, and scale Intellabridge’s products to generate returns for the company’s shareholders. For more information, visit www.intellabridge.com.About ThreeD Capital Inc.ThreeD is a publicly-traded Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors. ThreeD’s investment strategy is to invest in multiple private and public companies across a variety of sectors globally. ThreeD seeks to invest in early stage, promising companies where it may be the lead investor and can additionally provide investees with advisory services and access to the Company’s ecosystem.For further information:Jakson Inwentash[email protected]Phone: 416-941-8900 ext 107The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.Forward-Looking Statements
This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as “forward-looking statements”) within the meaning of Canadian securities laws including, without limitation, statements with respect to the future investments by the Company. All statements other than statements of historical fact are forward-looking statements. Undue reliance should not be placed 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 the future events or circumstances contemplated by the forward-looking statements will not occur. Although the Company believes that the expectations reflected in the forward looking statements contained in this press release, and the assumptions on 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 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 occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause the Company’s actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, except as required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary statement.