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Infinity Stone Ventures Corp (2)
Symbol	GEMS
Shares Issued	46,481,091
Close 2024-01-29	C$ 0.02
Market Cap	C$ 929,622
Recent Sedar Documents

Infinity working on late financials, MCTO extended

2024-01-29 20:22 ET - News Release

Subject: NEWS RELEASE Word Document File: '\\swfile\EmailIn\20240129 171658 Attachment 24-01-29 NR - MCTO Extension v1.docx' 1417-2443-6233, v. 1 INFINITY STONE ANNOUNCES EXTENSION OF MANAGEMENT CEASE TRADE ORDER January 29, 2024 - Infinity Stone Ventures Corp. (CSE:GEMS) (OTC:GEMSF) (FSE:B2I) (the "Company" or "Infinity Stone") announced on January 2, 2024 that Infinity Stone had been granted a management cease trade order (MCTO) from the British Columbia, Alberta and Ontario securities commissions under National Policy 12-203 -- Cease Trade Orders for Continuous Disclosure Defaults (NP 12-203), which will prohibit trading securities of the company by certain individuals until such time as the required filings (defined below) and all continuous disclosure requirements have been filed by the company and the MCTO has been lifted. The Company is required to provide an update every two weeks. While the MCTO is effective, all management, officers and directors of the company will be prohibited from trading in the company's securities, but the general public, who are not insiders of the company, will continue to be able to trade in the company's listed securities. The Company was unable to file its audited financial statements for the year ended August 31, 2023, and the related Management's Discussion and Analysis, and Chief Executive Officer and Chief Financial Officer certificates for this period before the Dec. 29, 2023, filing deadline. The Company is also unable to file its interim financial statements for the quarter ending November 30, 2023, and the related Management's Discussion and Analysis, and Chief Executive Officer and Chief Financial Officer certificates for the quarter before the January 29, 2024, filing deadline. The Company's failure to file its required filings by the filing deadline is due to recent financial difficulties affecting the issuer's ability to finance its audit and recent changes to the Company's management, including a change in the Company's Chief Financial Officer. The Company anticipates that it will be in a position to file the required filings on or about February 29, 2024 as per direction from the Company bookkeeper and previous CFO. The MCTO will be in effect until the required filings are filed. The Company confirms that there is no other material information relating to its affairs that has not been generally disclosed. The Company will provide updates as further information relating to the annual and quarterly financial filings becomes available. The company intends to satisfy the provision of the alternative information guidelines set out in sections 9 and 10 of NP 12-203 as long as the required filings are outstanding. About Infinity Stone Ventures Infinity Stone's 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 is meeting the demand from battery and wind turbine manufacturers, nuclear and hydrogen energy producers, and energy metals speculators by acquiring 100% interest in critical mineral deposits and occurrences in stable mining-friendly jurisdictions, close to final use destinations in North American manufacturing hubs. To register for investor updates please visit https://infinitystone.ventures. Connect with Infinity Stone Email | Website | Facebook | LinkedIn | Twitter | Instagram | Infinity Stone Contact Glenn Giles Interim CEO and Director Telephone: +1 604 252 2672 ggiles49@yahoo.com 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 securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, including statements respecting the MCTO and the anticipated timeline for filing of the Required Filings, are "forward-looking statements." These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, 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 cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.