North Peak Engages ICP Securities for Automated Market Making Services
North Peak Resources (TSXV: NPR) has announced engaging ICP Securities Inc. for automated market making services. The agreement includes the use of ICP's proprietary algorithm, ICP Premium™, in compliance with TSX Venture Exchange policies.
The initial four-month agreement includes a monthly service fee of C$7,500 (plus taxes), with automatic one-month renewals unless either party provides 30 days notice of termination. ICP currently holds no interest in North Peak but may acquire securities in the future.
ICP's services will primarily focus on correcting temporary imbalances in the supply and demand of North Peak's common shares. Additionally, the company clarified that 300,000 options granted to the CEO on March 10, 2025, will expire five years from the grant date.
North Peak Resources (TSXV: NPR) ha annunciato di aver ingaggiato ICP Securities Inc. per servizi di market making automatizzati. L'accordo prevede l'uso dell'algoritmo proprietario di ICP, ICP Premium™, in conformità con le politiche della TSX Venture Exchange.
L'accordo iniziale di quattro mesi include una commissione mensile di C$7,500 (più tasse), con rinnovi automatici di un mese a meno che una delle parti non fornisca un preavviso di 30 giorni per la cessazione. Attualmente, ICP non detiene alcun interesse in North Peak, ma potrebbe acquisire titoli in futuro.
I servizi di ICP si concentreranno principalmente sulla correzione di squilibri temporanei nell'offerta e nella domanda delle azioni ordinarie di North Peak. Inoltre, l'azienda ha chiarito che 300.000 opzioni concesse al CEO il 10 marzo 2025 scadranno cinque anni dalla data di concessione.
North Peak Resources (TSXV: NPR) ha anunciado que ha contratado a ICP Securities Inc. para servicios de creación de mercado automatizados. El acuerdo incluye el uso del algoritmo propietario de ICP, ICP Premium™, en cumplimiento con las políticas de la TSX Venture Exchange.
El acuerdo inicial de cuatro meses incluye una tarifa de servicio mensual de C$7,500 (más impuestos), con renovaciones automáticas de un mes a menos que alguna de las partes proporcione un aviso de 30 días para la terminación. Actualmente, ICP no tiene interés en North Peak, pero podría adquirir valores en el futuro.
Los servicios de ICP se centrarán principalmente en corregir desequilibrios temporales en la oferta y la demanda de las acciones ordinarias de North Peak. Además, la empresa aclaró que 300,000 opciones otorgadas al CEO el 10 de marzo de 2025, expirarán cinco años a partir de la fecha de concesión.
노스 피크 리소스 (TSXV: NPR)는 ICP 증권사와 자동화된 시장 조성 서비스 계약을 체결했다고 발표했습니다. 이 계약은 TSX 벤처 거래소 정책을 준수하여 ICP의 독점 알고리즘인 ICP 프리미엄™을 사용하는 것을 포함합니다.
초기 4개월 계약은 매달 C$7,500 (세금 별도)의 서비스 요금을 포함하며, 어느 한쪽이 30일 전 통보하지 않는 한 자동으로 한 달씩 갱신됩니다. 현재 ICP는 노스 피크에 대한 어떠한 이해관계도 가지고 있지 않지만, 미래에 증권을 취득할 수 있습니다.
ICP의 서비스는 주로 노스 피크의 보통주에 대한 공급과 수요의 일시적인 불균형을 수정하는 데 중점을 둘 것입니다. 또한, 회사는 2025년 3월 10일 CEO에게 부여된 300,000개의 옵션이 부여일로부터 5년 후에 만료된다고 명확히 했습니다.
North Peak Resources (TSXV: NPR) a annoncé avoir engagé ICP Securities Inc. pour des services de création de marché automatisés. L'accord inclut l'utilisation de l'algorithme propriétaire d'ICP, ICP Premium™, en conformité avec les politiques de la TSX Venture Exchange.
L'accord initial de quatre mois comprend des frais de service mensuels de C$7,500 (hors taxes), avec des renouvellements automatiques d'un mois à moins qu'une des parties ne donne un préavis de 30 jours pour la résiliation. Actuellement, ICP n'a aucun intérêt dans North Peak, mais pourrait acquérir des valeurs mobilières à l'avenir.
Les services d'ICP se concentreront principalement sur la correction des déséquilibres temporaires dans l'offre et la demande des actions ordinaires de North Peak. De plus, la société a précisé que 300 000 options accordées au PDG le 10 mars 2025 expireront cinq ans après la date d'octroi.
North Peak Resources (TSXV: NPR) hat bekannt gegeben, dass sie ICP Securities Inc. für automatisierte Marktpflege-Dienstleistungen engagiert haben. Der Vertrag umfasst die Nutzung des proprietären Algorithmus von ICP, ICP Premium™, in Übereinstimmung mit den Richtlinien der TSX Venture Exchange.
Der anfängliche viermonatige Vertrag beinhaltet eine monatliche Servicegebühr von C$7,500 (zuzüglich Steuern), mit automatischen einmonatigen Verlängerungen, es sei denn, eine der Parteien gibt 30 Tage im Voraus eine Kündigungsmitteilung. Derzeit hält ICP kein Interesse an North Peak, könnte aber in Zukunft Wertpapiere erwerben.
Die Dienstleistungen von ICP werden sich hauptsächlich darauf konzentrieren, vorübergehende Ungleichgewichte im Angebot und der Nachfrage nach den Stammaktien von North Peak zu korrigieren. Darüber hinaus stellte das Unternehmen klar, dass 300.000 Optionen, die dem CEO am 10. März 2025 gewährt wurden, fünf Jahre nach dem Gewährungsdatum ablaufen werden.
- Enhanced market liquidity through professional market making services
- Implementation of advanced trading algorithm (ICP Premium™) for improved quote health
- Additional monthly expense of C$7,500 plus taxes for market making services
- Potential future share dilution from 300,000 options granted to CEO
Calgary, Alberta--(Newsfile Corp. - March 11, 2025) - North Peak Resources Ltd. (TSXV: NPR) (the "Company" or "North Peak") 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 securities legislation.
Pursuant to the market-making agreement entered into between the Company and ICP (the "Agreement"), ICP will receive a fee of C
ICP does not have any interest, directly or indirectly, in the Company or its securities or any right or intent to acquire such an interest at this time, however ICP and its clients may acquire an interest in the securities of the Company in the future. There are no performance factors contained under the terms of the Agreement and no equity incentive compensation or other compensation, other than the Service Fee, is being granted by the Company to ICP in connection with the Agreement.
ICP is an arm's length party to the Company. ICP's market making activity services provided to the Company pursuant to the terms of the Agreement will be primarily to correct temporary imbalances in the supply and demand of the Company's common shares. ICP will be responsible for the costs it incurs in buying and selling the Company's common shares, and no third party will be providing funds or securities for the market making activities provided by ICP.
ICP Securities Inc.
ICP Securities Inc. is a Toronto based Canadian Investment Regulatory Organization 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.
Clarification Regarding Recent Grant of Options
On March 10, 2025, the Company granted 300,000 options to acquire common shares to the CEO of the Company. For clarification, those options expire five years from the date of grant.
About North Peak
The Company is a Canadian based gold exploration and development company that is listed on the TSX Venture Exchange under the symbol "NPR". The Company is focused on acquiring historic sites, with low cost producing gold and other metals properties, with near term production potential and 8+ year mine life in the northern hemisphere.
The Company has acquired an initial
The Company can give no assurances at this time that its properties and interests will fulfil the Company's business development goals described herein. Trading in the securities of the Company should be considered highly speculative.
For further information, please contact:
| Rupert Williams, CEO Phone: +1-647-424-2305 Email: info@northpeakresources.com Website: www.northpeakresources.com | Chelsea Hayes, Director Phone: +1-647-424-2305 |
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS: This press release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to statements regarding the plans, intentions, beliefs, and current expectations of the Property and the Company that may be described herein. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur.
By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, accuracy of assay results, geological interpretations from drilling results, timing and amount of capital expenditures; performance of available laboratory and other related services, future operating costs, and the historical basis for current estimates of potential quantities and grades of target zones, as well as those risk factors discussed or referred to in the Company's Management's Discussion and Analysis for the year ended December 31, 2023 and the quarter ended September 30, 2024, available at www.sedarplus.ca, many of which are beyond the control of the Company. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.
Neither the TSX Venture Exchange nor its Regulation Service 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/244099
FAQ
What are the terms of North Peak Resources' (BTLLF) market making agreement with ICP Securities?
How will ICP Securities' market making services benefit North Peak Resources (BTLLF) shareholders?
What options were granted to North Peak Resources' (BTLLF) CEO in March 2025?
Does ICP Securities hold any shares or interest in North Peak Resources (BTLLF)?
