AI assistant
Infinity Stone Ventures Corp. — Capital/Financing Update 2024
Jan 16, 2024
46166_rns_2024-01-15_6c951d86-e5fe-4d67-b81b-dd8b09982dd6.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [256 x 34] intentionally omitted <==
PURCHASE OF FOUR HISTORIC QUEBEC COPPER MINES
Vancouver, BC, January 15 , 2024 – Infinity Stone Ventures Corp. (CSE:GEMS) (OTC:GEMSF) (FSE:B2I) (the “ Company ” or “ Infinity Stone ”) announces the signing of the acquisition of a 100% 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 (3,000,000) Class A subordinate voting shares of the company, one million five hundred thousand (1,500,000) Class A subordinate voting shares payable to Ana Laura Lopez Pineda and one million five hundred thousand (1,500,000) Class A subordinate voting shares payable to Boivin Explorations Ltd..
Ana Laura Lopez Pineda has been appointed an interim Director and Corporate Secretary, and as director of the company, 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.
Investors can sign up for news alerts at www.infnitystoneventures.info ,
used in the clean energy revolu�on alongside its established SaaS solu�on por�olio. Infinity Stone is mee�ng the demand from batery and wind turbine manufacturers, nuclear and hydrogen energy producers, and energy metals speculators by acquiring 100% interest in cri�cal mineral deposits and occurrences in stable mining-friendly jurisdic�ons, close to final use des�na�ons in North American manufacturing hubs. Recently announced the 100% acquisi�on of the TESLA Iron projects located In Quebec, the Thor manganite occurrence located in Quebec, ground in Ontario and Bri�sh Columbia in area of American Eagle Gold Corp., and Defense Metals Corp., and NeoTech Metals Corp., Lithium poten�al with ground adjacent to both Fron�er Lithium in Ontario and Li-Ft Power in NWT.
Email | Website |
Infinity Stone Contact
ANA LAURA LOPEZ PINEDA Interim CEO and Director Telephone: Glenn Giles +1 410 271 5814 [email protected]
The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.
Forward-Looking Statements
This news release contains certain forward-looking statements within the meaning of applicable securi�es laws. All statements that are not historical facts, including without limita�on, statements regarding future es�mates, plans, programs, forecasts, projec�ons, objec�ves, assump�ons, expecta�ons or beliefs of future performance are “forward-looking statements.” These forward-looking statements reflect the expecta�ons or beliefs of management of the Company based on informa�on currently available to it. Forward-looking statements are subject to a number of risks and uncertain�es, including those detailed from �me to �me in filings made by the Company with securi�es regulatory authori�es, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully, and readers are cau�oned not to place undue reliance on such forwardlooking statements. The forward-looking statements and informa�on contained in this news release are made as of the date hereof and the Company undertakes no obliga�on to update publicly or revise any forward-looking statements or informa�on, whether as a result of new informa�on, future events or otherwise, unless so required by applicable securi�es laws.