News

VANCOUVER, BC / ACCESSWIRE / November 18, 2022 / Infinitum Energy Pte. Ltd. (“Infinitum“, “iEg“, or the “Company“) is pleased to announce it has closed a non-brokered private placement for gross proceeds of $7,500,000 priced at $0.75 per Common Share. The private placement was fully subscribed by eWealthTech LLC (“eWealthTech“), through their wholly owned US-based subsidiary, MyTC Corporation (“MyTC“). Pursuant to significant interest, the Company announces that it is arranging a follow-on non-brokered private placement financing for up to $2,500,000, also priced at $0.75 per Common Share, targeting close prior to December 15, 2022. Mr. Lindsay Nagle, CEO of Infinitum, commented: “We are very pleased to have…

Vancouver, B.C., February 1, 2022 – Infinitum Energy Pte Ltd. (“Infinitum”, “iEg”, or the “Company”) is pleased to announce it has entered into a joint venture agreement (the “JV Agreement”) with Samsara Energy Management LLC (“Samsara”) to develop a 240MW wind energy project in Mongolia (the “Project”). Pursuant to the JV Agreement, Samsara has secured 200 hectares of land in a potential Class 1 wind area (the “Project Site”), which will be contributed to the Project. The Company anticipates up to 240MW of installed wind capacity at the Project Site. The Project Site’s Class 1 designation gives this project tremendous…

Vancouver, B.C., December 23, 2021 – Infinitum Energy Pte Ltd. (“Infinitum”, “iEg”, or the “Company”) is pleased to announce it has entered into an amalgamation agreement dated December 14th, 2021 ( the “Amalgamation Agreement”) by and among the Company, Infinitum Energy Ltd. (“Subco”), a wholly-owned British Columbia based subsidiary of Infinitum, and Lambo Acquisition Corp. (“Lambo”), pursuant to which, Subco agreed to amalgamate with Lambo by way of a three-cornered amalgamation (the “Transaction”) to form one corporation, continuing under the name Infinitum Energy Pte Ltd. (“Amalco”). About Infinitum Energy Pte Ltd. Infinitum is a climate infrastructure company focused on emerging…