Infinity Stone Ventures Corp. announced a non-brokered private placement of up to 18,000,000 units at a price of CAD 0.05 per unit for the aggregate gross proceeds of up to CAD 900,000 on May 12, 2023. Each Life unit is comprised of one Class A subordinate voting share and one-half of one Class A subordinate voting share purchase warrant.

Each warrant will entitle the holder thereof to acquire one additional share at an exercise price of CAD 0.10 per warrant share for a period of 24 months from the date of issuance. The first tranche of the Offering is expected to close on or around May 25, 2023. The transaction is subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of the CSE.

The transaction may close in tranches.