Subject: news release
PDF Document
File: Attachment MCTOUPDATEFEBRUARY262024.pdf
INFINITY STONE ANNOUNCES EXTENSION OF MANAGEMENT CEASE
TRADE ORDER
February 26, 2024 Infinity Stone Ventures Corp.
(OCSTEC::GGEEMMSS)F) (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. Recently announced the 100%
acquisition of the TESLA Iron projects located In Quebec, 100%
acquisition of 3 historic silica mines for silicon chip manufacturing, 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,
Ground adjacent to Frontier Lithium in Ontario and ground adjacent to
Li-Ft Power in NWT, and ground adjacent to Power Metals in Ontario.
Connect with Infinity Stone
www.infinitystoneventures.info
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.
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