TORONTO, Sept. 04, 2024 (GLOBE NEWSWIRE) -- ThreeD Capital Inc. (“ThreeD”) (CSE:IDK / OTCQX:IDKFF) a Canadian based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, announces that through a series of transactions ending in recent weeks (the “Acquisitions”), ThreeD acquired ownership and control of an aggregate of 2,196,000 common shares (the “Subject Shares”) of Quebec Innovative Materials Corp (the “Company” or “QIMC”). The Subject Shares represented approximately 2.4% of all issued and outstanding common shares of the Company. As a result of the Acquisitions, the percentage ownership held by ThreeD and the Joint Actor increased above 2%, on a partially diluted basis, from the last early warning report filed.

Immediately prior to the Acquisitions, ThreeD and the Joint Actor owned and controlled an aggregate of 8,800,000 common shares and 5,000,000 common share purchase warrants of the Company, representing approximately 9.4% of all issued and outstanding common shares of QIMC (or approximately 14.0% on a partially diluted basis, assuming exercise of the warrants held). Of this total, ThreeD held an aggregate of 7,800,000 common shares and 4,000,000 common share purchase warrants of the Company, representing approximately 8.3% of the issued and outstanding common shares of QIMC (or approximately 12.1% on a partially diluted basis, assuming exercise of the warrants held). The Joint Actor held an aggregate of 1,000,000 common shares and 1,000,000 common share purchase warrants of the Company, representing approximately 1.1% of the issued and outstanding shares of QIMC (or approximately 2.1% on a partially diluted basis, assuming exercise of the warrants held).

Immediately following the Acquisitions, ThreeD and the Joint Actor own and control an aggregate of 10,996,000 common shares and 5,000,000 common share purchase warrants of the Company, representing approximately 11.8% of all issued and outstanding common shares of QIMC (or approximately 16.3% on a partially diluted basis, assuming exercise of the warrants held). Of this total, ThreeD held an aggregate of 9,996,000 common shares and 4,000,000 common share purchase warrants of the Company, representing approximately 10.7% of the issued and outstanding common shares of QIMC (or approximately 14.4% on a partially diluted basis assuming the exercise of the warrants held). The Joint Actor held an aggregate of 1,000,000 common shares and 1,000,000 common share purchase warrants of the Company, representing 1.1% of the issued and outstanding common shares of QIMC (or approximately 2.1% on a partially diluted basis, assuming exercise of the warrants held).