Fintech PR
Infinity Stone Ventures Announces Consolidation of its Shares
VANCOUVER, British Columbia, July 11, 2023 /PRNewswire/ — Infinity Stone Ventures Corp. (CSE: GEMS) (OTC: GEMSF) (FSE: B2I) (the “Company” or “Infinity Stone“), announces it is consolidating all of its Class A Subordinate Voting shares (“Class A Shares”) and Class B Super Voting Shares (“Class B Shares”) on the basis of one post-consolidated Class A Share or Class B Share for every two pre-consolidated Class A Shares or Class B Shares held, as the case may be (the “Consolidation”). The Class A Shares are expected to begin trading on a consolidated basis on the Canadian Securities Exchange (“CSE”) on Thursday, July 13, 2023. The record date for the consolidation is July 14, 2023.
No fractional shares will be issued as a result of the Consolidation. Fractional interests will be rounded down to the nearest whole number of shares without any consideration payable therefor. Outstanding convertible securities of the Company, including warrants and options, will be adjusted to account for the Consolidation in accordance with their terms.
The Consolidation affects all the Company’s Class A and Class B shares outstanding on July 14, 2023. As a result, the number of issued and outstanding Class A shares will be reduced to approximately 44,507,230 from 89,014,460, subject to the treatment of fractional shares. The Class B shares will be reduced to approximately 16,894 from 33,788, also subject to the treatment of fractional shares. Each shareholder’s percentage ownership in the Corporation and proportional voting power will remain unchanged, except for minor adjustments resulting from the treatment of fractional shares. The new CUSIP number for the post-consolidation Class A Shares is 45675G202 and the new ISIN number is CA45675G2027. Infinity Stone’s Class A Shares will continue to trade under the symbol “GEMS” and Infinity Stone’s name will not change.
Shareholders who hold their shares in brokerage accounts or in “street name” or in the form of a DRS statement are not required to take any action to effect an exchange of their shares.
Registered shareholders who hold their shares in certificate form will receive a letter of transmittal from Computershare Investor Services Inc., the Corporation’s transfer agent. The letter of transmittal will contain instructions on how registered shareholders can exchange their share certificates representing pre-consolidation shares for new certificates representing post-consolidation shares. Until surrendered, each share certificate representing pre-consolidation shares will represent the number of whole post-consolidation shares to which the holder is entitled as a result of the Consolidation.
Management believes that the Consolidation is necessary to provide the Company with a share structure that will better attract capital financing and that will provide for future growth opportunities.
The Consolidation is subject to final approval from the CSE.
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.
To register for investor updates please visit https://infinitystoneventures.com.
Connect with Infinity Stone
Email | Website | Facebook | LinkedIn | Twitter | Instagram |
Infinity Stone Contact
Zayn Kalyan
CEO and Director
Direct: 778-938-3367
[email protected]
Forward-Looking Statements
This communication contains “forward-looking statements.” Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential,” or similar words and, in this news release, include statements respecting the Consolidation, the timing thereof and the effect thereof on the Company’s capital structure, ability to attract capital financing and growth opportunities. Forward-looking statements are not guarantees of future performance, are based on certain assumptions, and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified, and, consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. Although forward-looking statements contained in this press release are based upon what management of Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The forward-looking statements may also be affected by risks and uncertainties in the business of the Company, including those described in the Company’s public filings available on www.SEDAR.com. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.
View original content:https://www.prnewswire.co.uk/news-releases/infinity-stone-ventures-announces-consolidation-of-its-shares-301874113.html
SHENZHEN, China, Nov. 18, 2024 /PRNewswire/ — Kinghood Group’s Smart Gold Store was honoured with the Certificate of the World’s First Gold Recycle Smart Terminal and made its global debut at the Kinghood Group Smart Retail Strategy launch ceremony on October 25, marking a milestone in the digitalization of gold consumption.
During the event, Zhou Bingfeng, Researcher at the Institute of Computer Science and Technology of Peking University and Head of the expert group; and Liu Dongao, Deputy Director of ZKHC (Beijing), presented the Certificate of the World’s First Gold Recycle Smart Terminal, along with the expert’s evaluation report.
The report affirmed Kinghood’s pioneering innovation in commercial gold recycling technology, which enhances gold testing efficiency, promotes sustainability, and improves accessibility and user experience.
Kinghood has been a trailblazer in the industry since 2019, debuting the world’s first generation of Smart Gold Store with a unique machine, namely ‘Gold ATM Terminal’, which integrates purchasing, customization and recycling services into a single platform. It focuses on offering lightweight gold products that resonate with younger consumers’ demand.
Kinghood’s Smart Gold Store (International Version) was officially launched in July 2024, and swiftly gained industry recognition by winning the Manufacturing Innovation Award at the 2024 JWA Sustainability Awards, organised by Informa Markets Jewellery.
The international version of the Smart Gold Store features advanced hardware, including high-precision electronic scales compatible with major global measurement units; and a universal detector with an accuracy of 0.01%. The system supports mobile phone registration in 200+ countries, multi-currency payments in 100+ countries and real-time price docking with the international gold trading markets. It can be customized to diverse regulatory, measurement and language requirements worldwide.
Looking ahead, Kinghood is committed to tailoring localized services to specific countries and regions, enhancing customer satisfaction through AI-driven customer service systems.
With the successful operation of its Macau store and the upcoming Hong Kong branch, Kinghood aims to extend its operational excellence beyond these regions and introduce China’s innovative technology in gold to the global stage.
Mr. Guan Enci, Chairman of New Green Box Pavilion Centre Limited and Kinghood’s Macau partner, commented, “Kinghood continuously drives advancements in science, technology and culture. The Smart Gold Store successfully integrates gold retailing and recycling services into a seamless experience, representing one of their significant innovations.”
Mr. Huang Shikun, Chairman of Kinghood Group, emphasized Kinghood’s dedication to innovation over the last 18 years since establishment, pioneering cutting-edge technologies and products that invigorate the gold industry. “Through collaborating with industry peers, Kinghood aims to spearhead a new era of smart gold solutions, setting a global benchmark for excellence and innovation.”
About Kinghood Group
Founded in 2006, Shenzhen-based Kinghood Group is an integrated industrial service provider encompassing the entire gold jewellery value chain. Its key businesses include gold recycling, gold retail and product customization.
Photo – https://mma.prnewswire.com/media/2560040/Kinghood_Group_s_Smart_Gold_Store.jpg
View original content:https://www.prnewswire.co.uk/news-releases/global-spotlight-on-shenzhen-gold-enterprises-innovative-technology-302307966.html
BEIJING, Nov. 18, 2024 /PRNewswire/ — During the recently-concluded seventh China International Import Expo (CIIE), Jing’an District of China’s Shanghai has held a series of investment promotion activities in an attempt to showcase its unique charm and unlimited business opportunities.
The district launched the “Quality Products Import Demonstration Zone” during the this year’s CIIE, the first of its kind in Shanghai, and introduced the “1+N” industry high-quality development policy toolkit, covering trade, finance, professional services, data intelligence, cultural creativity, life and health, etc., aiming to build an open and shared industrial ecology.
In recent years, the amount of intended purchase orders reached by Jing’an District at the CIIE has repeatedly hit new highs. During the CIIE this year, the district claimed the largest quantity of intended purchase orders among all districts in Shanghai.
This year, 52 companies from Jing’an participated in the CIIE. The district saw ten groups of companies reach broad cooperation consensus. Key exhibitors and buyers, such as L’Oreal, Inditex, and doTERRA, signed a series of procurement and cooperation agreements. About 12 high-quality investment projects with an estimated investment of about 1 billion yuan successfully settled in the district.
An official with Jing’an District said that Jing’an warmly welcomes friends at home and abroad to come to Jing’an, and hopes to work together with enterprises to promote the high-quality development of the district.
Original link: https://en.imsilkroad.com/p/343156.html
Video – https://mma.prnewswire.com/media/2560006/video.mp4
View original content:https://www.prnewswire.co.uk/news-releases/xinhua-silk-road-jingan-district-of-chinas-shanghai-shines-at-import-expo-302307891.html
THIS IS INFORMATION THAT EQT AB (PUBL) IS OBLIGED TO MAKE PUBLIC PURSUANT TO THE EU MARKET ABUSE REGULATION. THE INFORMATION WAS SUBMITTED FOR PUBLICATION, THROUGH THE AGENCY OF THE CONTACT PERSON SET OUT BELOW AT 6:00 PM CET ON 17 NOVEMBER 2024.
STOCKHOLM, Nov. 17, 2024 /PRNewswire/ — EQT has today set the hard cap for investor commitments of USD 14.5 billion for EQT Private Capital Asia’s BPEA Private Equity Fund IX (“BPEA IX”). A hard cap refers to an upper limit on the amount of investor commitments accepted as part of the fund. The actual fund size is dependent on the outcome of the fundraising process. As previously communicated, the target fund size for BPEA IX is USD 12.5 billion.
Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Press Office, [email protected], +46 8 506 55 334
The information contained herein does not constitute an offer to sell, nor a solicitation of an offer to buy, any security, and may not be used or relied upon in connection with any offer or solicitation. Any offer or solicitation in respect of BPEA IX will be made only through a confidential private placement memorandum and related documents which will be furnished to qualified investors on a confidential basis in accordance with applicable laws and regulations. The information contained herein is not for publication or distribution to persons in the United States of America. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold without registration thereunder or pursuant to an available exemption therefrom. Any offering of securities to be made in the United States would have to be made by means of an offering document that would be obtainable from the issuer or its agents and would contain detailed information about the issuer of the securities and its management, as well as financial information. The securities may not be offered or sold in the United States absent registration or an exemption from registration.
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View original content:https://www.prnewswire.co.uk/news-releases/eqt-sets-hard-cap-for-eqt-private-capital-asias-bpea-ix-at-usd-14-5-billion-302307822.html
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