Dark Streaming/Mobile Old Site Home Products Help Contact Us Your Account System Status
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS
12:06:32 EST Fri 27 Dec 2024
Enter Symbol
or Name
USA
CA



Forgot password?
Trouble logging in?
Login ID:
Password:
Save
Infinity Stone Ventures Corp (2)
Symbol GEMS
Shares Issued 46,606,091
Close 2024-02-08 C$ 0.025
Market Cap C$ 1,165,152
Recent Sedar Documents

Infinity Stone receives CSE OK for Tesla acquisition

2024-02-08 09:07 ET - News Release

Subject: News release PDF Document File: Attachment Infinitystoneventuresgebruary82024newsrelease.pdf 8 FOR 1 STOCK SPLIT, APPROVAL TESLA IRON PROJECT February 8, 2024 Infinity Stone Ventures Corp. (CSE:GEMS) (OTC:GEMSF) (FSE:B2I) (the "Company" or "Infinity Stone") announces the Canadian Securities Exchange has approved the acquisition of the TESLA Iron Project, see news releases dated December 27, 2023, January 10, 2024 and January 23, 2024, whereby the Company acquires a 100% interest for 7.5 million shares subject to a 3% Gross Proceeds Royalty and a $54 million payment or prepayment on commencement of Commercial Production, Commercial Production defined in the Agreement as, "Commercial Production" is the cash monies received from the first mined material or substance or substances or mineral or minerals, and subsequent mined substances or mineral or minerals, from the mineral claims listed in Schedule "A", and any subsequently acquired or added claims within the Area of Interest Clause above, with the right of the Purchaser to prepay the fifty million dollars prior to or in conjunction with commencement of the first production of material or mineral or minerals or substance or substances being sold for monies. Closing is anticipated to occur within ten (10) business days within approvals of the MCTO that has been granted, with the shares having a legend of 4 months plus 1 day of issuance before becoming free-trading. The Company also will file paperwork to split the Company stock on an 8 new for 1 old basis, payable after market close on February 26 to shareholders of record on February 23, with trading on a post split basis to commence on February 27, 2024. The issued and outstanding Class A Subordinate Voting Shares will then total 372,848,728 plus the approved TESLA Iron Project Agreement stock being an additional 60 million Class A subordinate Voting shares being issued, on the 8 for 1 split, amounting to a total of 432,848,728 Class A Subordinate Voting shares issued and outstanding as of February 27, 2024. About Infinity Stone Ventures Infinity Stone owns the TESLA Iron projects located In Quebec, the Thor manganite occurrence located in Quebec, ground in Ontario and British Columbia in area of American Eagle Gold Corp., and Defense Metals Corp., Crazy What Love Can Do Copper Project in Quebec, three historic silica producing mines in Quebec, Ground adjacent to Frontier Lithium in Ontario. ground adjacent to Li-Ft Power in NWT, and ground adjacent to Power Metals in Ontario. Connect with Infinity Stone Email | Website Infinity Stone Contact ANA LAURA LOPEZ PINEDA Interim Corporate Seretary and Director Telephone: Glenn Giles +1 410 271 5814 ggiles49@yahoo.com Neither the CSE nor its Regulation Service Provider accepts the responsibility for the adequacy or accuracy of this 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.

© 2024 Canjex Publishing Ltd. All rights reserved.