Bonterra Resources Inc. Engages ICP Securities Inc. for Automated Market Making Services
Bonterra Resources has engaged ICP Securities Inc. to provide automated market making services, including the use of its proprietary algorithm, ICP Premium™. The agreement, starting November 11, 2024, is for an initial four-month term with automatic monthly renewals unless terminated with 30 days notice. Bonterra will pay ICP a monthly fee of C$7,500 plus taxes. ICP's market making activities will focus on correcting temporary supply and demand imbalances in Bonterra's shares, with ICP bearing all trading costs. The agreement contains no performance factors or additional compensation.
Bonterra Resources ha incaricato ICP Securities Inc. di fornire servizi di market making automatizzati, incluso l'uso del suo algoritmo proprietario, ICP Premium™. L'accordo, che inizia l'11 novembre 2024, ha una durata iniziale di quattro mesi con rinnovi automatici mensili a meno che non venga terminato con un preavviso di 30 giorni. Bonterra pagherà a ICP una commissione mensile di 7.500 C$ più tasse. Le attività di market making di ICP si concentreranno sulla correzione di squilibri temporanei tra domanda e offerta delle azioni di Bonterra, con ICP che si farà carico di tutti i costi di trading. L'accordo non prevede fattori di performance o compensi aggiuntivi.
Bonterra Resources ha contratado a ICP Securities Inc. para proporcionar servicios automatizados de creación de mercado, incluyendo el uso de su algoritmo propietario, ICP Premium™. El acuerdo, que comenzará el 11 de noviembre de 2024, tiene una duración inicial de cuatro meses con renovaciones mensuales automáticas a menos que se termine con 30 días de aviso. Bonterra pagará a ICP una tarifa mensual de 7,500 C$ más impuestos. Las actividades de creación de mercado de ICP se centrarán en corregir los desequilibrios temporales entre la oferta y la demanda de las acciones de Bonterra, asumiendo ICP todos los costos de trading. El acuerdo no contiene factores de rendimiento ni compensaciones adicionales.
Bonterra Resources는 ICP Securities Inc.에 자동화된 시장 조성 서비스를 제공하도록 의뢰하였으며, 여기에는 그들의 고유 알고리즘인 ICP Premium™의 사용이 포함됩니다. 이 계약은 2024년 11월 11일부터 시작되며, 초기 4개월 기간으로 자동 월간 갱신이 포함되며, 30일 전에 해지되지 않는 한 계속됩니다. Bonterra는 ICP에게 매달 7,500 C$에 세금을 지불합니다. ICP의 시장 조성 활동은 Bonterra의 주식에서 일시적인 공급과 수요의 불균형을 조정하는 데 중점을 두며, 모든 거래 비용은 ICP가 부담합니다. 계약에는 성과 요소나 추가 보상이 포함되지 않습니다.
Bonterra Resources a engagé ICP Securities Inc. pour fournir des services automatisés de création de marché, y compris l'utilisation de son algorithme propriétaire, ICP Premium™. L'accord, qui commence le 11 novembre 2024, est d'une durée initiale de quatre mois avec renouvellements mensuels automatiques, sauf résiliation avec un préavis de 30 jours. Bonterra versera à ICP des frais mensuels de 7 500 C$ plus taxes. Les activités de création de marché d'ICP se concentreront sur la correction des déséquilibres temporaires entre l'offre et la demande des actions de Bonterra, ICP supportant tous les coûts de trading. L'accord ne contient pas de facteurs de performance ni de compensation supplémentaire.
Bonterra Resources hat ICP Securities Inc. beauftragt, automatisierte Marktpflege-Dienste anzubieten, einschließlich der Nutzung ihres proprietären Algorithmus, ICP Premium™. Die Vereinbarung, die am 11. November 2024 beginnt, hat eine anfängliche Laufzeit von vier Monaten mit automatischen monatlichen Verlängerungen, es sei denn, sie wird mit einer Frist von 30 Tagen gekündigt. Bonterra zahlt ICP eine monatliche Gebühr von 7.500 C$ zuzüglich Steuern. ICPs Marktpflegeaktivitäten konzentrieren sich darauf, vorübergehende Ungleichgewichte zwischen Angebot und Nachfrage nach Bonterra-Aktien zu korrigieren, wobei ICP alle Handelskosten trägt. Die Vereinbarung enthält keine Leistungsfaktoren oder zusätzliche Vergütungen.
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Val-d'Or, Quebec--(Newsfile Corp. - November 13, 2024) - Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) (FSE: 9BR2) ("Bonterra" or the "Company") is pleased to announce 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 Venture 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. The Company is paying the market-making fee directly to ICP Securities Inc. ICP Securities Inc does not own any securities of Bonterra Resources Inc. directly nor indirectly currently nor prior to entering our engagement.
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 Bonterra Resources Inc.
Bonterra is a Canadian gold exploration company with a portfolio of advanced exploration assets anchored by a central milling facility in Quebec, Canada. The Company's assets include the Gladiator, Barry, Moroy, and Bachelor gold deposits, which collectively hold 1.24 million ounces in Measured and Indicated categories and 1.78 million ounces in the Inferred category.
In November 2023, the Company entered into an earn-in and joint venture agreement with Osisko Mining Inc. for the Urban-Barry properties, which include the Gladiator and Barry deposits. In August 2024, Gold Fields Ltd. announced the acquisition of Osisko Mining for C
FOR ADDITIONAL INFORMATION
Marc-André Pelletier, President & CEO
ir@btrgold.com
2872 Sullivan Road, Suite 2, Val d'Or, Quebec J9P 0B9
819-825-8678 | Website: www.btrgold.com
Neither 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.
Forward-Looking Information
This news release contains forward‐looking statements and forward‐looking information within the meaning of applicable securities laws. All statements other than statements of historical fact may be forward‐looking statements or information. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. The forward‐looking statements and information are based on certain key expectations and assumptions made by management of the Company. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward‐looking statements and information since no assurance can be given that they will prove to be correct.
Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Actual results could differ materially from those currently anticipated due to a number of factors and risks, including the ability and timing of the parties to complete the Joint Venture (if at all), whether the work expenditures would be incurred as contemplated in the Agreement (or at all), the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in the Company's recent securities filings available at www.sedarplus.ca. Accordingly, readers should not place undue reliance on the forward‐looking statements and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward‐looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward‐looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
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FAQ
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