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Infinity Stone Ventures Corp. — Capital/Financing Update 2022
Feb 18, 2022
46166_rns_2022-02-17_89d8ec9c-66b9-4c5b-aa30-0f066074d718.pdf
Capital/Financing Update
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MATERIAL CHANGE REPORT
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Item 1. Name and Address of Company – Contakt World Technologies Corp. (the “ Company ”), #7501095 West Pender Street, Vancouver, BC V6E 2M6.
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Item 2. Date of Material Change – February 17, 2022
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Item 3. News Release – News Release issued February 17, 2022 through Baystreet News & Stockwatch.
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Item 4. Summary of Material Change – Contakt World Technologies Corp. (CSE:HELP) (OTC:TLOOF) (FSE:B2I0) (the “ Company ”, “ Contakt ” or “ Contakt World ”), announces that it has closed a financing (the “Financing”) of units (each, a “Unit”) of the Company through the issuance of 2,000,000 Units at a price of $0.075 per Unit, for gross proceeds of $150,000. Each Unit is comprised of one Class A Subordinate Voting Share (a “Share”) and one (1) share purchase warrant (a “Warrant”). Each Warrant is exercisable into one (1) Share (a “Warrant Share”) at a price of $0.15 for a period of two (2) years from the date of issuance.
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Item 5. Full Description of Material Change – Contakt World Technologies Corp., a SaaS company committed to delivering a diverse suite of subscription based software solutions for healthcare and other industries, is pleased to announce that it has closed a financing (the “Financing”) of units (each, a “Unit”) of the Company through the issuance of 2,000,000 Units at a price of $0.075 per Unit, for gross proceeds of $150,000. Each Unit is comprised of one Class A Subordinate Voting Share (a “Share”) and one (1) share purchase warrant (a “Warrant”). Each Warrant is exercisable into one (1) Share (a “Warrant Share”) at a price of $0.15 for a period of two (2) years from the date of issuance.
In addition, the Company also converted $124,500 in debt through the issuance of 1,659,998 Units in Share for Debt Agreements, under the same terms.
All securities issued are subject to a four-month and one day statutory hold period expiring on June 18, 2022.
The Company intends to use the net proceeds from the financing towards general working capital.
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Item 6. Reliance on Section 7.1(2) or (3) of National Instrument 51-102 – Not applicable.
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Item 7. Omitted Information – No significant facts remain confidential in, and no information has been omitted from, this report.
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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.
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Item 9. Date of Report – February 17, 2022