$TLOOF Infinity Stone Closes Third Tranche of Priv
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Posted On: 08/31/2022 1:06:38 PM
$TLOOF Infinity Stone Closes Third Tranche of Private Placement
https://www.newsfilecorp.com/release/135402
Vancouver, British Columbia--(Newsfile Corp. - August 30, 2022) - Infinity Stone Ventures Corp. (CSE: GEMS) (OTC Pink: TLOOF) (FSE: B2I) (the "Company" or "Infinity Stone"
, is pleased to announce the closing of the third tranche of a financing (the "Financing" of units (each, a "Unit" of the Company through the issuance of 2,333,332 Units at a price of $0.15 per Unit, for gross proceeds of $350,000. Each Unit is comprised of one Class A Subordinate Voting Share (a "Share" and one-half (1/2) of one share purchase warrant (a "Warrant" . Each whole Warrant is exercisable into one (1) Share (a "Warrant Share" at a price of $0.30 for a period of three (3) years from the date of issuance.
The Company has raised a total of $750,500 and issued a total of 5,003,331 Units in the three tranches of this financing.
In connection with the third tranche, the Company issued 49,600 finders' warrants, and paid finder's fees of $7,440. Each finders' warrant is exercisable at a price of $0.30 for a period of two (2) years from the date of issuance.
The Company intends to use the net proceeds from the financing towards general working capital.
The Company also announces it has issued 550,000 stock options at an exercise price of $0.30 for a three-year term to directors, officers and consultants.
https://www.newsfilecorp.com/release/135402
Vancouver, British Columbia--(Newsfile Corp. - August 30, 2022) - Infinity Stone Ventures Corp. (CSE: GEMS) (OTC Pink: TLOOF) (FSE: B2I) (the "Company" or "Infinity Stone"
, is pleased to announce the closing of the third tranche of a financing (the "Financing" of units (each, a "Unit" of the Company through the issuance of 2,333,332 Units at a price of $0.15 per Unit, for gross proceeds of $350,000. Each Unit is comprised of one Class A Subordinate Voting Share (a "Share" and one-half (1/2) of one share purchase warrant (a "Warrant" . Each whole Warrant is exercisable into one (1) Share (a "Warrant Share" at a price of $0.30 for a period of three (3) years from the date of issuance. The Company has raised a total of $750,500 and issued a total of 5,003,331 Units in the three tranches of this financing.
In connection with the third tranche, the Company issued 49,600 finders' warrants, and paid finder's fees of $7,440. Each finders' warrant is exercisable at a price of $0.30 for a period of two (2) years from the date of issuance.
The Company intends to use the net proceeds from the financing towards general working capital.
The Company also announces it has issued 550,000 stock options at an exercise price of $0.30 for a three-year term to directors, officers and consultants.
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