TORONTO, July 16, 2021 (GLOBE NEWSWIRE) — ThreeD Capital Inc. (“ThreeD” or the “Company”) (CSE:IDK) (OTCQX:IDKFF), a Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, is pleased to announce a $400,000 investment in DeFi Yield Technologies Inc. (“DeFi Yield Technologies”), a company that has a proprietary automated yield engine that has made investing in decentralized finance (“DeFi”) simple and leverages different DeFi protocols and strategies to increase diversification, maximize yield, while minimizing exposure to risk.
The Company has acquired 563,380 shares in DeFi Yield Technologies at a price of $0.71 per share. Sheldon Inwentash, Chairman and CEO of ThreeD, has also agreed to become an advisor to DeFi Yield Technologies.
“We are excited to have ThreeD Capital as an investor and Sheldon Inwentash joining as an advisor. ThreeD and Sheldon Inwentash have a long track of investing in early stage companies and will help us scale the technology aiming to bring over 1 billion USD onto the platform in the near future.” said Philipp Kallerhoff, CEO of DeFi Yield Technologies.
“Investing in decentralized finance can be complicated and it is easy to lose money if you do not know what you are doing. This makes it extremely difficult for DeFi to make it into the mainstream. DeFi Yield Technologies is reinventing financial services by building financial applications that allow anyone to invest and earn a return without having to understand all the different protocols and strategies.” said Sheldon Inwentash.
About DeFi Yield Technologies Inc.
DeFi Yield Technologies Inc. is focussed on making investing in DeFi simple for all investors. DeFi Yield Technologies is constantly reviewing new and existing opportunities to add to the optimization engine and new strategies to build into vaults. DeFi Yield Technologies plans to build an easy-to-use suite of automated, diversified, and optimized yield generating products in DeFi and more. For more information visit www.defiyield.tech
About ThreeD Capital Inc.
ThreeD is a publicly-traded Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors. ThreeD’s investment strategy is to invest in multiple private and public companies across a variety of sectors globally. ThreeD seeks to invest in early stage, promising companies where it may be the lead investor and can additionally provide investees with advisory services and access to the Company’s ecosystem.
For further information:
Jakson Inwentash
Vice President Investments
[email protected]
Phone: 416-941-8900 ext 107
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.
Forward-Looking Statements
This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as “forward-looking statements”) within the meaning of Canadian securities laws including, without limitation, statements with respect to the future investments by the Company. All statements other than statements of historical fact are forward-looking statements. Undue reliance should not be placed on forward-looking statements, which are inherently uncertain, are based on estimates and assumptions, and are subject to known and unknown risks and uncertainties (both general and specific) that contribute to the possibility that the future events or circumstances contemplated by the forward-looking statements will not occur. Although the Company believes that the expectations reflected in the forward-looking statements contained in this press release, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause the Company’s actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, except as required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary statement.
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