Infrastructure Materials Corp. announced that it has received CAD 0.50 million in funding.
On August 28, 2013, Infrastructure Materials Corp. closed the transaction. The transaction included participation from six placees including, individual investors, Brent Walter for 2,000,000 shares and Todd D. Montgomery for 11,333,333 shares, who invested through his holding company Mont Strategies Inc. Todd D. Montgomery now holds 61,520,523 shares in the company which represents 46.5% of the enlarged share capital of the company. The company did not pay any finders' fees. The securities issued are subject to a hold period of four month which will expire on December 29, 2013 and to a minimum six month hold period. The TSX Venture Exchange has accepted for filing documentation with respect to the transaction.