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Vancouver, British Columbia–(Newsfile Corp. – June 28, 2022) – Infinity Stone Ventures Corp. (CSE: GEMS) (OTC PINK: TLOOF) (FSE: B2I) (the “Company” Where “Infinity Stone“), is pleased to announce the closing of the first tranche of financing (the “Funding“) of units (each, one “Unity“) of the Corporation by issuing 1,341,666 units at a price of $0.15 per unit, for gross proceeds of $201,250. Each unit consists of one Class A subordinate voting share (a “To share“) and one-half (1/2) of a stock warrant (one “To guarantee“). Each whole warrant is exercisable into one (1) share (a “Warrant action“) at a price of $0.30 for a period of three (3) years from the date of issue.
As part of the first tranche, the Company issued 56,000 intermediaries’ warrants and paid cash compensation of $8,400 to certain intermediaries. Each warrant is exercisable at a price of $0.30 for a period of two (2) years from the date of issue.
The Company intends to use the net proceeds of the financing for general working capital.
About Infinity Stone Ventures
Infinity Stone’s mission is to be a diverse, one-stop supplier for critical energy metals used in the clean energy revolution, alongside its established portfolio of SaaS solutions. The Company’s major business units include HealthCheck (Stratum Health Technologies LLC) and its energy metals portfolio. Infinity Stone is responding to demand from battery and wind turbine manufacturers, nuclear and hydrogen power producers and energy metals speculators by acquiring a 100% interest in critical mineral deposits and occurrences in jurisdictions favorable to stable mining, close to end-use destinations in North American manufacturing. hubs.
To sign up for Investor Updates, please visit https://infinitystone.ventures.
Infinity Stone Touch
CEO and Director
The Canadian Securities Exchange has not reviewed, approved or disapproved of the contents of this press release.
Disclaimer of Forward-Looking Statements
This press release contains “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the use of words such as “anticipates”, “expects” or “does not expect”, “is planned”, “budget”, “planned”, “estimates”, “plans”, “projects”, “intends”, “anticipates” or “does not anticipate” or “estimates” or variations of these words and phrases or state that certain actions, events or results “may”, “could”, “would”, “could” or “will be taken”, “will occur” or “will be achieved”. These forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual financial performance and results in future periods to differ materially from any projections of future performance or results expressed or implied by these forward-looking statements. , including statements regarding: the private placement; and the intended use of the proceeds of the private placement. Although the forward-looking statements contained in this press release are based on what management of the Company believes to be reasonable assumptions, there can be no assurance that the forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated. in such statements. Forward-looking statements may also be affected by risks and uncertainties associated with the Company’s business, including those described in the Company’s public filings available at www.SEDAR.com. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change, except as required by applicable securities laws. Readers are cautioned not to place undue reliance on forward-looking statements.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/129403