INFINITY PHARMAC(INFI)
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Infinitum Closes Sale Of Additional Interest In Hot Breccia Project In Arizona
Thenewswire· 2026-01-16 21:05
Core Viewpoint - Infinitum Copper Corp. has successfully closed a mineral property sub-option agreement with Prismo Metals Inc., allowing Prismo to acquire up to a 75% interest in the Hot Breccia property in Arizona, demonstrating the company's strategy to focus on core assets and exploration opportunities [1][2]. Group 1: Transaction Details - Infinitum granted Prismo an option to acquire up to a 75% interest in the Hot Breccia property, with Prismo agreeing to pay C$185,000 for 80% of Infinitum's remaining interest [1]. - Prismo will assume all remaining obligations of the underlying option agreement with the property owner, while Infinitum retains a 5% interest that may be assigned to Prismo under certain conditions [1]. Group 2: Strategic Focus - The transaction aligns with Infinitum's growth strategy to dispose of non-core assets and concentrate on the acquisition and exploration of mineral properties [2]. - Proceeds from the sale will be utilized for general working capital and to explore new opportunities [2]. Group 3: Company Overview - Infinitum Copper Corp. is a Canadian junior exploration company focused on advancing copper projects in the Americas, aiming for disciplined growth through the discovery and development of scalable copper assets [5].
Infinitum Announces Results of Annual General and Special Meeting and Shareholder Approval of Kenadyr Transaction
Thenewswire· 2025-09-19 21:15
Core Points - Infinitum Copper Corp. held its annual general and special meeting of shareholders on September 18, 2025, where key voting results were announced [1] - The company provided an update on its transaction with Kenadyr Metals Corp., including shareholder approval for the sale of its subsidiary Exploraciones Margarita S.A. [1][6] Meeting Results - The number of directors was set at four, with 12,736,093 votes in favor (99.99%) and 698 votes against (0.01%) [2] - All four nominated directors were elected with high approval rates, ranging from 98.92% to 98.97% [2] - De Visser Gray LLP was appointed as the auditor with 12,736,176 votes in favor (99.99%) [3] - The Equity Incentive Plan was ratified, receiving 1,425,847 votes in favor (99.99%) [4][5] - The sale of Exploraciones Margarita S.A. to Kenadyr was approved with 1,425,847 votes in favor (99.99%) and 773 votes against (0.01%) [5] Update on Kenadyr Transaction - The transaction involves the sale of 100% of the issued and outstanding shares of Exploraciones Margarita S.A. to Kenadyr, satisfying one of the key conditions for closing [6][7] - The agreement includes a provision for Kenadyr to issue additional shares to Infinitum, ensuring Infinitum retains a 9.0% stake in Kenadyr for up to 12 months post-closing [8] - The transaction is classified as a "Reviewable Disposition" under TSXV Policy 5.3, which may affect Infinitum's listing status [9]