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Infinity Stone Ventures Corp. Capital/Financing Update 2022

Jul 28, 2022

46166_rns_2022-07-28_c16f9f0b-b3ad-47ac-9faf-9c43012dda8f.pdf

Capital/Financing Update

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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 –July 28, 2022

  • Item 3. News Release – News Release issued July 28, 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 the closing of the second tranche of a financing of units.

  • Item 5. Full Description of Material Change – is pleased to announce the closing of the second tranche of a financing (the “ Financing ”) of units (each, a “ Unit ”) of the Company through the issuance of 1,328,333 Units at a price of $0.15 per Unit, for gross proceeds of $199,250. 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 15,600 finders’ warrants, and paid finder’s fees of $2,340. Each finders' warrant is exercisable at a price of $0.30 for a period of two (2) years from the date of issuance.

The Company intends to use the net proceeds from the financing towards general working capital.

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 – July 28, 2022