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Infinity Stone Ventures Corp. Board/Management Information 2022

Apr 26, 2022

46166_rns_2022-04-26_c0c7057d-15c9-44bc-a0b5-951da87aa219.pdf

Board/Management Information

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MATERIAL CHANGE REPORT

  • Item 1. Name and Address of CompanyInfinity Stone Ventures Corp. (the “ Company ”), #750-1095 West Pender Street, Vancouver, BC V6E 2M6.

  • Item 2. Date of Material Change –April 26, 2022

  • Item 3. News Release – News Release issued April 26, 2022 through Newsfile Corp.

  • Item 4. Summary of Material Change – Infinity Stone Ventures Corp. (formerly Contakt World Technologies Corp.) (CSE:GEMS) (OTC:TLOOF) (FSE:B2I0) (the “Company” or “Infinity Stone”) announces it retained (the “Engagement”) Altus Capital Partners Inc. (“Altus”) as its corporate finance advisor. Altus is a venture finance and corporate advisory firm based in Vancouver, Canada, that partners with hyper growth businesses and successful operators.

  • Item 5. Full Description of Material Change – The Company has retained Altus Capital Partners Inc. as its corporate finance advisor. Altus is a venture finance and corporate advisory firm based in Vancouver, Canada, that partners with hyper growth businesses and successful operators.

As part of this engagement, Michael Townsend, President of Altus, has agreed to join the board as a director of the Company, replacing Robin Coleman, who has resigned from the board. The Company appreciates the time and expertise Mr. Coleman brought to the Company and wishes him well in his future endeavors.

Mr. Townsend brings over 30 years of experience in the capital markets and junior resource space. Mr. Townsend is one of the founding partners of Altus. Mr. Townsend was a co-founder of Hemptown Organics Corp., Patriot One Technologies Inc., Body and Mind Inc. and Raytec Metals Corp. and previously served as CEO of Lateegra Gold Corp. and CEO of West Hawk Development Corp.

As compensation under the Engagement, Altus will receive $10,000 per month in consulting fees, such fees to be payable in class A subordinate voting shares of the Company, as well as a one-time grant of 500,000 class A subordinate voting share purchase options exercisable at $0.25 for 3 years.

The Company also reports that over the past two weeks, a total of 1,002,500 warrants and stock options have been exercised. The exercise price of such warrants and options was settled through the payment of $148,000 in cash to the Company and the extinguishment of $60,750 in outstanding debt of the Company.

Item 6. Reliance on Section 7.1(2) or (3) of National Instrument 51-102 – Not applicable.

  • Item 7. Omitted Information – No significant facts remain confidential in, and no information has been omitted from, this report.

  • Item 8. Executive Officer – Mr. Zayn Kalyan, Director of the Company, is knowledgeable about the material change and this report. He can be contacted at (778) 938-3367.

  • Item 9. Date of Report – April 26, 2022