- Infinity Stone Ventures Corp. (GEMS) has closed a non-brokered private placement of 1,250,000 flow-through units
- The company offered the units at a price of $0.40 per FT share for gross proceeds of $500,000
- The company plans to use the gross proceeds from the FT offering to incur eligible “Canadian exploration expenses”
- Infinity Stone Ventures is a supplier for the critical energy metals being used in the clean energy revolution alongside its established SaaS solution portfolio
- Infinity Stone Ventures Corp was up 5.66 per cent, trading at $0.28 at 10:30 ET
Infinity Stone Ventures Corp. (GEMS) has closed a non-brokered private placement of 1,250,000 flow-through units.
The company offered the units at a price of $0.40 per FT share for gross proceeds of $500,000.
Each FT unit is made up of one Class A subordinate voting share and one-half of one share purchase warrant.
Each whole warrant is exercisable into one share at a price of $0.65 for a period of two years from the date of issuance.
In connection with the FT offering, the company issued 87,500 finders’ warrants, and paid finder’s fees of $35,000.00. Each finders’ warrant is exercisable at a price of $0.65 for a period of two years from the date of issuance.
The company plans to use the gross proceeds from the FT offering 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.
Infinity Stone Ventures is a company whose 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.
Infinity Stone Ventures Corp was up 5.66 per cent, trading at $0.28 at 10:30 ET.
