Source: Infinity Stone Ventures Corp.
  • Infinity Stone (GEMS) has announced a non-brokered private placement for gross proceeds of up to $450,000
  • The company will issue up to 3,000,000 units for $0.15 per unit
  • Net proceeds will be used to fund marketing, software development and other general working capital
  • Infinity Stone is a technology company developing and delivering SaaS solutions for the public and private sectors
  • Infinity Stone Ventures Corp. (GEMS) opened trading at C$0.19

Infinity Stone (GEMS) has announced a non-brokered private placement for gross proceeds of up to $450,000.

The company will issue up to 3,000,000 units for $0.15 per unit. Each unit will include one share and one-half of one share purchase warrant. Each warrant will entitle the holder to acquire one additional share.

Net proceeds will fund marketing, software development and other general working capital.

Securities issued will be subject to a standard four-month hold period.

Infinity Stone is a technology company developing and delivering SaaS solutions for the public and private sectors. It integrates data collection and management (Smart Health RM), communications (Smart Connect), advertising (Engagency), and IoT devices (Smart Check).

Infinity Stone Ventures Corp. (GEMS) opened trading at C$0.19.

More From The Market Online

New government funding coming for Canada’s first commercial space port

Maritime Launch Services (NEO:MAXQ) announces a pivotal step forward in the development of Canada’s first commercial orbital spaceport.

The art of taking a flyer: How to play the latest meme stock rally

Roaring Kitty helps push meme stocks such as GameStop (NYSE:GME) and AMC Entertainment (NYSE:AMC) up by as much as 300 per cent since Friday.