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TORONTO, Jan. 11, 2022 (GLOBE NEWSWIRE) -- ThreeD Capital Inc. (“ThreeD”) (CSE:IDK / OTCQX:IDKFF) a Canadian based venture capital firm that invests in disruptive companies and promising junior resources companies, announces that through a recent private placement transaction (“Acquisition”), ThreeD and Sheldon Inwentash (the “Joint Actor”) acquired ownership and control of an aggregate of 1,750,000 common shares (the “Subject Shares”) and 1,750,000 common share purchase warrants (the “Subject Warrants” and together with the Subject Shares, the “Subject Units”) of Bluesky Digital Assets Corp (the “Company” or “Bluesky”). The Subject Shares represented approximately 3.2% of all issued and outstanding common shares of the Company as at January 7, 2022. As a result of the Acquisition, the percentage ownership held by ThreeD and the Joint Actor increased by 3.6% from its last early warning report filed in connection with the acquisition of Bluesky shares, from which ThreeD, with the Joint Actor, reported a 25.9% ownership on a partially diluted basis, assuming the exercise of outstanding warrants and options held.
Immediately prior to the Acquisition, ThreeD and the Joint Actor owned and controlled an aggregate of 9,207,000 common shares, 4,900,000 warrants, and 500,000 options of Bluesky, representing approximately 19.3% of all issued and outstanding common shares of the Company (or approximately 27.5% on a partially diluted basis assuming exercise of the warrants and options). Of this total, ThreeD held an aggregate of 5,818,500 common shares and 2,700,000 warrants of the Company representing approximately 12.2% of the issued and outstanding common shares of the Company (or approximately 16.9% on a partially diluted basis assuming exercise of the warrants held). The Joint actor held an aggregate 3,388,500 common shares, 2,200,000 warrants, 500,000 options of the Company representing approximately 7.1% of the issued and outstanding common share of the Company (or approximately 12.1% on a partially diluted basis, assuming exercise of the warrants and options held).
Immediately following the Acquisition, ThreeD and the Joint Actor own and control an aggregate of 10,957,000 common shares, 6,650,000 warrants, and 500,000 options of Bluesky, representing approximately 20.2% of all issued and outstanding common shares of the Company (or approximately 29.5% on a partially diluted basis assuming exercise of the warrants and options). Of this total, ThreeD held an aggregate of 7,068,500 common shares and 3,950,000 warrants of the Company representing approximately 13.1% of the issued and outstanding common shares of the Company (or approximately 19.0% on a partially diluted basis assuming exercise of the warrants). The Joint Actor held an aggregate of 3,888,500 common shares, 2,700,000 warrants, and 500,000 options of the Company representing approximately 7.2% of the issued and outstanding common shares of the Company (or approximately 12.4% on a partially diluted basis, assuming exercise of the warrants and options held).