21:41:42 EDT Mon 13 May 2024
Enter Symbol
or Name
USA
CA



Infinity Stone Ventures Corp (2)
Symbol GEMS
Shares Issued 46,464,423
Close 2024-01-15 C$ 0.035
Market Cap C$ 1,626,255
Recent Sedar Documents

Infinity Stone acquires Crazy project for 3M shares

2024-01-15 13:52 ET - News Release

Ms. Ana Lopez Pineda reports

PURCHASE OF FOUR HISTORIC QUEBEC COPPER MINES

Infinity Stone Ventures Corp. has acquired a 100-per-cent interest in the Crazy What Love Can Do copper project located in Quebec.

The Crazy What Love Can Do copper project consists of five historic copper occurrences, four of which are historic copper mines, as well as one historic gold occurrence.

A qualified person is reviewing the historic technical information and will compile the information in a news release.

Terms of the deal are a total of three million Class A subordinate voting shares of the company; 1.5 million Class A subordinate voting shares payable to Ana Laura Lopez Pineda and 1.5 million Class A subordinate voting shares payable to Boivin Explorations Ltd.

Ms. Lopez Pineda has been appointed an interim director and corporate secretary and, as such, the acquisition is a related-party transaction within the meaning of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The acquisition is exempt from the valuation requirement of MI 61-101 by virtue of the exemption contained in Section 5.5(b) of MI 61-101 as the company's Class A subordinate voting shares are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in Section 5.7(a) of MI 61-101 in that the fair market value of the consideration to be issued pursuant to the acquisition will not exceed 25 per cent of the company's market capitalization.

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 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. The company recently announced the 100-per-cent acquisition of the Tesla iron projects located in Quebec, the Thor manganite occurrence located in Quebec, ground in Ontario and British Columbia in the area of American Eagle Gold Corp., Defense Metals Corp., and NeoTech Metals Corp., and lithium-potential ground adjacent to both Frontier Lithium in Ontario and Li-Ft Power in Northwest Territories.

We seek Safe Harbor.

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