Infinico Metals Closes $165,000 Private Placement

Infinico Metals Corp. announced the successful closure of a non-brokered private placement, raising $165,000 through the sale of 16,500,000 common shares at $0.01 per share. The funds will be allocated for general working capital needs. The transaction awaits regulatory approval, including from the TSX Venture Exchange, and shares have a four-month hold period.

The offering was a related-party transaction involving Perry Ing and Plethora Private Equity, both insiders of the company. Plethora Private Equity, led by Peter Vermeulen, acquired 15,000,000 shares, increasing its stake to 40.30%. A report will be filed as per regulatory requirements, with potential changes in ownership depending on future market conditions.