Infinity Mining Limited announced that it has entered into agreement for a private placement of common shares for proceeds of AUD 10,000,000 on July 20, 2023. The transaction will include participation from new investor SBC Global Investment Fund, a fund managed by SBC Global Investors. The company will pay investor legal costs up to a maximum of AUD 20,000 and an Investor Fee of AUD 100,000 at the Closing Date and 3% of any Placements.