18:32:34 EDT Tue 14 May 2024
Enter Symbol
or Name
USA
CA



Infinity Stone Ventures Corp (2)
Symbol GEMS
Shares Issued 46,464,423
Close 2024-01-02 C$ 0.04
Market Cap C$ 1,858,577
Recent Sedar Documents

Infinity Stone receives MCTO for late 2023 results

2024-01-02 20:20 ET - News Release

Mr. Glenn Giles reports

INFINITY STONE ANNOUNCES GRANT OF MANAGEMENT CEASE TRADE ORDER

Infinity Stone Ventures Corp. has been granted a management cease trade order (MCTO) from the British Columbia, Alberta and Ontario securities commissions under National Policy 12-203 -- Cease Trade Orders for Continuous Disclosure Defaults (NP 12-203), which will prohibit trading securities of the company by certain individuals until such time as the required filings (defined below) and all continuous disclosure requirements have been filed by the company and the MCTO has been lifted.

While the MCTO is effective, all management, officers and directors of the company will be prohibited from trading in the company's securities, but the general public, who are not insiders of the company, will continue to be able to trade in the company's listed securities.

The company was unable to file its audited financial statements for the year ended Aug. 31, 2023, and the related management's discussion and analysis, and chief executive officer and chief financial officer certificates for this period before the Dec. 29, 2023, filing deadline.

The company's failure to file its required filings by the filing deadline is due to recent financial difficulties affecting the issuer's ability to finance its audit and recent changes to the company's management, including a change in the company's chief financial officer. The company anticipates that it will be in a position to file the required filings on or about Jan. 29, 2024. The MCTO will be in effect until the required filings are filed.

The company confirms that there is no other material information relating to its affairs that has not been generally disclosed. The company will provide updates as further information relating to the annual financial filings becomes available. The company intends to satisfy the provision of the alternative information guidelines set out in sections 9 and 10 of NP 12-203 as long as the required filings are outstanding.

About Infinity Stone Ventures Corp.

Infinity Stone's mission is to be a diversified, single-source supplier for the critical energy metals being used in the clean energy revolution alongside its established SaaS (software-as-a-service) solution portfolio. Infinity Stone is meeting the demand from battery and wind turbine manufacturers, nuclear and hydrogen energy producers, and energy metals speculators by acquiring 100-per-cent interest in critical mineral deposits and occurrences in stable mining-friendly jurisdictions, close to final-use destinations in North American manufacturing hubs.

We seek Safe Harbor.

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