Infinitum Copper Corp. Announces Completion of Share Consolidation and Update ON Private Placement
INFINITUM COPPER CORP. ANNOUNCES COMPLETION OF
SHARE CONSOLIDATION AND UPDATE ON PRIVATE PLACEMENT
VANCOUVER, BC / ACCESSWIRE / April 15, 2024 / Infinitum Copper Corp. (TSXV: INFI, OTCQB: INUMF)
(“ Infinitum ” or the “Company ”) is pleased to announce that it has received acce ptance from the TSX
Venture Exchange (the “ Exchange ”) of the previously announced consolidation of the issued and
outstanding common shares (“ Common Shares ”) of the Company at a ratio of two (2) pre-consolidation
Common Shares for one (1) post-consolidation Common Shares (the “ Consolidation ”). The Common
Shares will trade on a consolidated basis commencing at market open on April 18, 2024 under Exchange
symbol “INFI” (CUSIP: 45675B203; ISIN: CA45675B2030).
The Consolidation will increase the Company’s flexi bility and competitiveness in the market, and will
make the Company’s securities more attractive to a wider audience of potential investors.
As a result of the Consolidation, the Company’s cur rently issued and outstanding 74,563,040 Common
Shares will be reduced to approximately 37,281,520 Common Shares, not taking into account any
adjustments for rounding. No fractional Common Shares will be issued as a result of the Consolidation .
Instead, any fractional Common Share will be rounde d down to the nearest whole number of Common
Shares and no cash consideration will be paid in re spect of fractional Common Shares. In addition, th e
exercise price and number of Common Shares of the Company issuable upon the exercise of outstanding
stock options, warrants or other convertible securi ties will be proportionately adjusted to reflect th e
Consolidation.
In accordance with the Articles of the Company, the Consolidation does not require approval of the
shareholders of the Company.
The Company is not changing its name or its stock t rading symbol in connection with the Consolidation.
A letter of transmittal will be sent by mail to reg istered shareholders holding physical certificates
representing their holdings advising them that the Consolidation has taken effect and instructing them
to surrender the certificates evidencing their Comm on Shares for replacement certificates representing
the number of Common Shares to which they are entit led as a result of the Consolidation. Until
surrendered, each certificate formerly representing Common Shares will be deemed for all purposes to
represent the number of Common Shares to which the holder thereof is entitled as a result of the
Consolidation.
The Company is also providing an update on the priv ate placement previously announced on March 4,
2024 and updated on March 6, 2024 (the “ Private Placement ”). Having regard to the Consolidation, the
Company confirms that the pricing of the Private Placement will take place on a post Consolidation basis
and will comply with Exchange rules. The private placement will be subject to the Exchange review and
acceptance and the Company will provide a further update on the Private Placement in due course.
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On behalf of the Board of Directors of
INFINITUM COPPER CORP.
Matt Hudson
Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Infinitum Copper
Backed by a strong team of industry veterans, Infin itum Copper is advancing La Adelita project, where
the Company has an option to earn an 80% interest. The high-grade copper-silver-gold La Adelita Project
is located in Sonora and Sinaloa states in Mexico. La Adelita is a Carbonate Replacement Deposit located
in a mineralized district with a rich history. Infi nitum Copper also has an option to earn 25% interes t in
the Hot Breccia project in the heart of the Arizona Copper Belt about 90km north of Tucson, AZ. The Hot
Breccia project is prospective for porphyry copper and copper skarn mineralization.
Cautionary Note Regarding Forward-Looking Statements
This press release contains “forward-looking inform ation” within the meaning of Canadian securities
legislation. The forward-looking information contained in this press release represents the expectatio ns
of the Company as of the date of this press release and, accordingly, is subject to change after such
date. Forward-looking information is based on, amon g other things, opinions, assumptions, estimates
and analyses that, while considered reasonable by t he Company at the date the forward-looking
information is provided, are inherently subject to significant risks, uncertainties, contingencies and other
factors that may cause actual results and events to be materially different from those expressed or
implied by the forward-looking information. The ris ks, uncertainties, contingencies and other factors
that may cause actual results to differ materially from those expressed or implied by the forward-
looking information may include, but are not limite d to, risks generally associated with the Company’s
business, as described in the Company’s Filing Stat ement dated February 11, 2022. Readers should not
place undue importance on forward-looking information and should not rely upon this information as of
any other date. While the Company may elect to, it does not undertake to update this information at
any particular time except as required in accordance with applicable laws.