Mr. Zayn Kalyan reports
INFINITY STONE CLOSES FIRST TRANCHE OF FLOW-THROUGH PRIVATE PLACEMENT
Infinity Stone Ventures Corp. has closed the first tranche a non-brokered private placement of flow-through units of the company through the issuance of two million units at a price of 20 cents per unit, for gross proceeds of $400,000. Each Unit is comprised of one Class A Subordinate Voting Share (a "Share") and one-half (1/2) of one share purchase warrant (a "Warrant"). Each whole Warrant is exercisable into one (1) Share (a "Warrant Share") at a price of $0.30 for a period of three (3) years from the date of issuance.
In connection with the second tranche, the Company issued 140,000 finders' warrants, and paid finder's fees of $28,000. Each finders' warrant is exercisable at a price of $0.30 for a period of three (3) years from the date of issuance.
The gross proceeds from the Offering will be used to incur eligible "Canadian exploration expenses" ("CEE") that are "flow-through mining expenditures" (as such term is defined in the Income Tax Act (Canada)) related to the Company's mining projects.
About Infinity Stone Ventures
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 solution portfolio. The Company's primary business units include HealthCheck (Stratum Health Technologies LLC) and its energy metals 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% 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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