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Infinity Stone Ventures (CSE:GEMS) closes first tranche of flow-through private placement

Technology, The Market Online Deal Room
CSE:GEMS
15 August 2022 09:15 (EDT)

Source: Infinity Stone Ventures Corp.

Infinity Stone Ventures (GEMS) has closed the first tranche of a flow-through private placement for gross proceeds of $400,000.

The company issued 2,000,000 units for $0.20 per unit. Each unit consists of one Class A Subordinate Voting share and one-half of one share purchase warrant. Each whole warrant is exercisable for one share for a period of three years.

The company issued 140,000 finders’ warrants, and paid finder’s fees of $28,000. 

Infinity Stone’s mission is to be a diversified, single-source supplier for the critical energy metals used in the clean energy revolution alongside its established SaaS solution portfolio. The company’s primary business units include HealthCheck (Stratum Health Technologies LLC) and its energy metals portfolio. 

Infinity Stone Ventures Corp. (GEMS) opened trading at C$0.225.


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