Allied Copper Hires Red Cloud Securities Inc. For Market Making Services

Rhea-AI Summary

Allied Copper Corp. (TSX-V: CPR, OTCQB: CPRRF) has engaged Red Cloud Securities Inc. to provide market making services for a three-month period starting March 1, 2022. The engagement includes a fee of $5,000 per month and aims to ensure liquidity and tight market conditions for the company's stock. Red Cloud’s experienced team will offer trading advice and maintain oversight on daily trading activities. Allied Copper focuses on developing scalable copper and gold assets in the Western U.S., seeking low-cost operations with high growth potential.

VANCOUVER, British Columbia, March 03, 2022 (GLOBE NEWSWIRE) -- Allied Copper Corp. (TSX-V: CPR, OTCQB: CPRRF) (the “Company” or “Allied Copper”), is pleased to announce that Red Cloud Securities Inc. (“Red Cloud” or “RCSI”), have been retained to provide market making liquidity services. RCSI assists companies navigating the public markets and ensures a fair, tight and liquid market is always maintained.

Allied Copper Corp. confirms the engagement of Red Cloud Securities Inc. to provide market making services. The engagement of RCSI is for a three-month period, which commenced on March 1, 2022, for a fee of $5,000.00 per month, no company shares or stock options were issued.

Red Cloud’s experienced team of professional traders work actively and regularly with management offering trading advice, reporting, and tracking of their stock. Having professionals overseeing the day-to-day trading and activity of the stock assists in creating a strong level of comfort and assurances the markets are being maintained every day.

About Allied Copper

Allied Copper Corp. ("Allied Copper”) (TSX-V: CPR) (OTCQB: CPRRF), headquartered in Vancouver, BC Canada, is a mineral exploration company focused on acquiring and developing potential long life, scalable copper and/or gold assets in the Western U.S. The Company’s strategy is to focus on low cost and potential high growth operations. Allied Copper’s management is committed to operating efficiently and with transparency in all areas of the business. Investors and/or readers may sign up for updates on the Company’s website: www.alliedcoppercorp.com

On behalf of the Board of Directors of Allied Copper Corp.,
Mr. Warner Uhl
Executive Chairman

Contact Information
For Investor Relations inquiries or further information, please contact:
Richard L. Tremblay
Pres., CEO and Director
Cell: (604) 250-4853
E-mail: rtremblay@alliedcoppercorp.com

We Seek Safe Harbour

FAQ

What is the purpose of Allied Copper's engagement with Red Cloud Securities Inc.?

Allied Copper engaged Red Cloud Securities to provide market making services to enhance liquidity and ensure a stable market for its shares.

How long is the engagement with Red Cloud Securities?

The engagement with Red Cloud Securities is for three months, commencing on March 1, 2022.

What is the monthly fee for the market making services?

Allied Copper will pay a fee of $5,000 per month to Red Cloud Securities for their market making services.

What does Allied Copper focus on in its business strategy?

Allied Copper focuses on acquiring and developing scalable copper and gold assets in the Western U.S., with an emphasis on low-cost and high-growth operations.