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Infinity Stone Ventures (CSE:GEMS) announces private placement

Technology, The Market Online Deal Room
CSE:GEMS
24 June 2022 09:30 (EST)

Source: Infinity Stone Ventures Corp.

Infinity Stone (GEMS) has announced a non-brokered private placement for gross proceeds of up to $450,000.

The company will issue up to 3,000,000 units for $0.15 per unit. Each unit will include one share and one-half of one share purchase warrant. Each warrant will entitle the holder to acquire one additional share.

Net proceeds will fund marketing, software development and other general working capital.

Securities issued will be subject to a standard four-month hold period.

Infinity Stone is a technology company developing and delivering SaaS solutions for the public and private sectors. It integrates data collection and management (Smart Health RM), communications (Smart Connect), advertising (Engagency), and IoT devices (Smart Check).

Infinity Stone Ventures Corp. (GEMS) opened trading at C$0.19.

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