Azincourt Energy Corp. Engages ICP Securities Inc. for Automated Market Making Services
Azincourt Energy Corp. (TSXV: AAZ, OTC: AZURF) has announced the engagement of ICP Securities Inc. for automated market making services. The agreement, which commenced on February 18, 2024, includes the use of ICP's proprietary algorithm, ICP Premium™. The initial term is set for four months with automatic one-month renewals unless either party provides 30 days written notice.
The company will pay ICP a monthly fee of C$7,500 plus applicable taxes. The agreement contains no performance factors, stock options, or additional compensation. ICP's primary role will be to correct temporary imbalances in the supply and demand of Azincourt's shares, with ICP bearing the costs of buying and selling the company's shares.
Azincourt Energy Corp. (TSXV: AAZ, OTC: AZURF) ha annunciato l'ingaggio di ICP Securities Inc. per servizi di market making automatizzati. L'accordo, che è iniziato il 18 febbraio 2024, prevede l'uso dell'algoritmo proprietario di ICP, ICP Premium™. Il termine iniziale è fissato per quattro mesi con rinnovi automatici di un mese, a meno che una delle parti non fornisca un preavviso scritto di 30 giorni.
La società pagherà a ICP una commissione mensile di C$7.500 più le tasse applicabili. L'accordo non prevede fattori di performance, opzioni su azioni o compensi aggiuntivi. Il ruolo principale di ICP sarà quello di correggere gli squilibri temporanei nella domanda e offerta delle azioni di Azincourt, con ICP che si fa carico dei costi di acquisto e vendita delle azioni della società.
Azincourt Energy Corp. (TSXV: AAZ, OTC: AZURF) ha anunciado la contratación de ICP Securities Inc. para servicios de creación de mercado automatizados. El acuerdo, que comenzó el 18 de febrero de 2024, incluye el uso del algoritmo propietario de ICP, ICP Premium™. El término inicial está establecido por cuatro meses con renovaciones automáticas de un mes, a menos que cualquiera de las partes proporcione un aviso por escrito de 30 días.
La empresa pagará a ICP una tarifa mensual de C$7,500 más los impuestos aplicables. El acuerdo no contiene factores de rendimiento, opciones sobre acciones ni compensación adicional. El papel principal de ICP será corregir los desequilibrios temporales en la oferta y demanda de las acciones de Azincourt, asumiendo ICP los costos de compra y venta de las acciones de la empresa.
Azincourt Energy Corp. (TSXV: AAZ, OTC: AZURF)는 ICP Securities Inc.와 자동화된 시장 조성 서비스 계약을 체결했다고 발표했습니다. 이 계약은 2024년 2월 18일에 시작되었으며, ICP의 독점 알고리즘인 ICP Premium™을 사용할 예정입니다. 초기 계약 기간은 4개월로 설정되어 있으며, 어느 한 쪽이 30일 전에 서면 통지를 하지 않는 한 자동으로 1개월씩 연장됩니다.
회사는 ICP에 매달 C$7,500와 해당 세금을 지급할 것입니다. 이 계약에는 성과 요소, 주식 옵션 또는 추가 보상이 포함되어 있지 않습니다. ICP의 주요 역할은 Azincourt의 주식 공급과 수요의 일시적인 불균형을 수정하는 것이며, ICP는 회사 주식의 매매 비용을 부담합니다.
Azincourt Energy Corp. (TSXV: AAZ, OTC: AZURF) a annoncé l'engagement d'ICP Securities Inc. pour des services de création de marché automatisés. L'accord, qui a commencé le 18 février 2024, comprend l'utilisation de l'algorithme propriétaire d'ICP, ICP Premium™. La durée initiale est fixée à quatre mois avec des renouvellements automatiques d'un mois, sauf si l'une des parties fournit un préavis écrit de 30 jours.
La société paiera à ICP des frais mensuels de C$7,500 plus les taxes applicables. L'accord ne contient pas de facteurs de performance, d'options sur actions ou de compensation supplémentaire. Le rôle principal d'ICP sera de corriger les déséquilibres temporaires dans l'offre et la demande des actions d'Azincourt, ICP supportant les coûts d'achat et de vente des actions de la société.
Azincourt Energy Corp. (TSXV: AAZ, OTC: AZURF) hat die Beauftragung von ICP Securities Inc. für automatisierte Market-Making-Dienste bekannt gegeben. Der Vertrag, der am 18. Februar 2024 begann, umfasst die Verwendung des proprietären Algorithmus von ICP, ICP Premium™. Die Anfangslaufzeit beträgt vier Monate mit automatischen einmonatigen Verlängerungen, es sei denn, eine der Parteien kündigt schriftlich 30 Tage im Voraus.
Das Unternehmen wird ICP eine monatliche Gebühr von C$7.500 zuzüglich der geltenden Steuern zahlen. Der Vertrag enthält keine Leistungsfaktoren, Aktienoptionen oder zusätzliche Vergütungen. Die Hauptaufgabe von ICP wird es sein, vorübergehende Ungleichgewichte im Angebot und der Nachfrage nach Azincourt-Aktien zu korrigieren, wobei ICP die Kosten für den Kauf und Verkauf der Unternehmensaktien übernimmt.
- Market making services could help improve share trading liquidity
- Additional monthly expense of C$7,500 plus taxes for market making services
Vancouver, British Columbia--(Newsfile Corp. - February 18, 2025) - AZINCOURT ENERGY CORP. (TSXV: AAZ) (OTC Pink: AZURF) (FSE: A0U) ("Azincourt" or the "Company"), announces that it has engaged the services of ICP Securities Inc. ("ICP") to provide automated market making services, including use of its proprietary algorithm, ICP Premium™, in compliance with the policies and guidelines of the TSX Exchange and other applicable legislation. ICP will be paid a monthly fee of C
ICP is an arm's length party to the Company. ICP's market making activity will be primarily to correct temporary imbalances in the supply and demand of the Company's shares. ICP will be responsible for the costs it incurs in buying and selling the Company's shares, and no third party will be providing funds or securities for the market making activities.
ABOUT ICP SECURITIES INC.
ICP Securities Inc. is a Toronto based CIRO dealer-member that specializes in automated market making and liquidity provision, as well as having a proprietary market making algorithm, ICP Premium™, that enhances liquidity and quote health. Established in 2023, with a focus on market structure, execution, and trading, ICP has leveraged its own proprietary technology to deliver high quality liquidity provision and execution services to a broad array of public issuers and institutional investors.
ABOUT AZINCOURT ENERGY CORP.
Azincourt is a Canadian-based resource company specializing in the strategic acquisition, exploration, and development of alternative energy/fuel projects, including uranium, lithium, and other critical clean energy elements. The Company is currently active at its joint venture East Preston uranium project located in the Athabasca Basin, Saskatchewan, and on its Snegamook uranium project, located in the Central Mining Belt of Labrador.
ON BEHALF OF THE BOARD OF AZINCOURT ENERGY CORP.
"Alex Klenman"
Alex Klenman, President & CEO
For further information please contact:
Alex Klenman, President & CEO
Tel: 604-638-8063
info@azincourtenergy.com
Azincourt Energy Corp.
1430 - 800 West Pender Street
Vancouver, BC V6C 2V6
www.azincourtenergy.com
Cautionary Statement Regarding Forward-Looking Statements
This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking statements or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political, and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules, and regulations.
Neither the 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/241235
FAQ
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