Canadian venture capital firm ThreeD Capital Inc. raised gross proceeds of C$824,600 in a non-brokered private placement of 12,686,152 units, which were issued at 6.5 Canadian cents per unit.
Each unit is made up of one common share and one common share purchase warrant. Each warrant is exercisable at 10 Canadian cents apiece until May 31, 2022.
Company insiders subscribed for 1,150,000 units in the offering.
The company expects to use the proceeds for investment purposes and general working capital.