ThreeD Capital Inc. (CSE:IDK / OTCQB: IDKFF) a venture capital firm focused on investments in companies in junior resources, blockchain, artificial intelligence and psychedelics, among other sectors, recently announced it will begin reporting its Net Asset Value (NAV) on a monthly basis.
With access to monthly NAV reports, investors will be able to see approximately how the company’s portfolio has performed from the prior month, so they no longer need to wait for quarterly numbers. The NAV will be disclosed by ThreeD Capital in an official press release and will be made available on its website approximately 15 days after month-end.
Chairman and CEO of ThreeD Capital, Sheldon Inwentash, spoke to the announcement, saying: “ThreeD believes that providing monthly NAV updates will be beneficial to our shareholders by providing information that is useful to understanding our performance. This measure will help provide a benchmark to evaluate our business relative to that of our peers”.
For over 30 years, Sheldon Inwentash has been providing financing to hundreds of public and private start-up companies. Collectively, the dealings have reached a fair value of $800 million. Inwentash and his team at ThreeD Capital provide investors with significant exposure to ground-floor opportunities involving early-stage companies. Prior to ThreeD Capital, Inwentash led merchant banking firm, Pinetree Capital, where he created significant shareholder value in the mining and technology industries.
In a series of recent company announcements, ThreeD Capital has also disclosed it acquired securities of Electric Metals (USA) Ltd. through two private placements for a total of $530,000. Electric Metals is a US-based resource company focused on their 100% owned Corcoran Canyon Silver Project in Nevada and Emily Manganese Project in Minnesota.
Further, Electric Metals signed a definitive scheme implementation agreement with NBS Capital Inc. (NBS) (TSXV: NBS.P). NBS will change its name to Nevada Silver Corporation, reflecting the focus of Electric Metals on its principal Nevada silver asset.
Sheldon Inwentash has agreed to come on as Chairman of the Board of Directors to NBS, which will take effect upon the closing of the transaction.
Inwentash commented: “ThreeD Capital prides itself on discovering great companies before they become known to the general investment community, and EML is no exception. With 100% ownership of a US-based primary silver-gold asset with existing resources and significant upside potential, I am confident EML will deliver exceptional value to IDK shareholders.”
Additionally, ThreeD Capital acquired 600,000 units of ZeU Technologies Inc. at a price of $0.25 per unit. All securities issued and issuable in connection with the offering are subject to a statutory hold period expiring on May 8, 2021.
When looking for companies to invest in, Inwentash describes the process as one that takes a primarily active, hands-on, value-added investor approach. In many cases, ThreeD Capital serves as strategic advisors to the companies it invests in, concentrating on forming partnerships to further develop these businesses.
Inwentash explains that the biggest difference between ThreeD Capital and Pinetree, the previous investment firm he led, is the size of the portfolio.
“At Pinetree, as much as we took a hands-on approach, we took a very big portfolio approach where we were passive. In the case of ThreeD Capital, we are almost an extension of the management team, so we are doing much fewer investments than Pinetree did,” he said.
As for the future, ThreeD Capital is looking to invest in a pipeline of companies in the disruptive technologies space, as well as in the junior mining and mineral space.