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ThreeD Capital grosses C$965,020 in private placement

Canada-based venture capital firm ThreeD Capital Inc. raised C$965,020 in a nonbrokered private placement of 7,423,230 units, issued at 13 cents apiece.

ThreeD Capital said company insiders subscribed for 640,000 units under the offering.

Each unit comprises 1 common share and 1 common share purchase warrant, with each warrant exercisable at 20 cents apiece until May 16, 2021.

The company will use the proceeds for investment purposes and general working capital.