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Infinity Stone to spin out entertainment company

2024-09-19 15:20 ET - News Release

Ms. Ana Lopez reports

PROPOSED ENTERTAINMENT COMPANY SPINOUT

On Sept. 19, 2024, Infinity Stone Ventures Corp. proposed a spinout of Infinity Stone Entertainment Corp. The proposed spinout is contingent on closing of the proposed $10-million (U.S.) unit financing, with each unit priced at 3.7 U.S. cents, consisting of one share and one two-year warrant exercisable at 10 U.S. cents per warrant. The spinout then would be proposed whereby each shareholder receives a share in the Infinity Stone Entertainment, with application made to the appropriate court having jurisdiction to approve the spinout. A Web identity has been created and can viewed directly on the Infinity Stone Entertainment website. The company cautions that there has been no commitments to the proposed financing at this time, and there is no guarantee of the spinout occurring or the financing closing. Investors can visit the Infinity Stone Entertainment website for updates.

About Infinity Stone Ventures Corp.

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 (software-as-a-service) 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-per-cent interest in critical mineral deposits and occurrences in stable mining-friendly jurisdictions, close to final-use destinations in North American manufacturing hubs. The company recently announced its 100-per-cent acquisition of the Goldstone project in Saskatchewan in the area of Ramp Metals Inc., a new gold discovery, with the ground adjacent to Fathom Nickel Inc.; the Thor manganite occurrence located in Quebec; ground in Ontario and British Columbia in the area of American Eagle Gold Corp. and Defense Metals Corp.; ground adjacent to Frontier Lithium in Ontario; ground adjacent to Li-FT Power in the Northwest Territories; and ground adjacent to Quebec Innovative Materials Corp.'s recent hydrogen discovery.

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