TORONTO, Feb. 10, 2023 (GLOBE NEWSWIRE) — ThreeD Capital Inc. (“ThreeD”) IDKIDKFF a Canada-based venture capital firm focused on making opportunistic investments in companies in the junior resource and disruptive technology sectors, announces that ThreeD and Sheldon Inwentash (the “Joint Actor”) have completed a private placement (the “Acquisition”) acquired ownership of convertible unsecured debentures (the “Affected Notes”) issued in 5,000,000 units (the “Affected Units”) by infinitii ai inc. can be converted. (the “Company” or “infinitii”). Each Affected Unit consists of one common share (each, a “Relevant Convertible Share”) of the Company and one common share purchase warrant (each, a “Relevant Convertible Warrant”). As a result of the acquisition, ThreeD’s ownership percentage increased by 6.7% from the last early warning report filed in connection with the acquisition of infinitii shares, from which ThreeD assumed a 14.7% ownership on a partially diluted basis the exercise of the warrants held.

Immediately prior to the Acquisition, ThreeD and the joint venturer owned and controlled an aggregate of 17,659,000 common shares and 2,000,000 warrants of infinitii, representing approximately 14.0% of all issued and outstanding common shares of the Company (or approximately 15.3% on a partially diluted basis). ). , subject to exercise of the warrants held). Of these, ThreeD held an aggregate of 17,659,000 common shares and 2,000,000 warrants of the Company, representing approximately 14.0% of infinitii’s issued and outstanding common shares (or approximately 15.3% on a partially diluted basis, assuming the warrants held be exercised). . The common actor did not hold any common shares or convertible securities of the company.

Immediately after the Acquisition, ThreeD and the Common Entity owned and controlled an aggregate of 17,659,000 common shares, 2,000,000 warrants and convertible debentures entitling ThreeD and the Common Entrant to…