Dolly Varden Silver Engages ICP Securities Inc. for Automated Market Making Services
Dolly Varden Silver (OTCX: DOLLF) has announced the engagement of ICP Securities Inc. for automated market making services starting April 4, 2025. The agreement includes the use of ICP's proprietary algorithm, ICP Premium™, to manage temporary supply and demand imbalances in the company's shares.
The initial contract term is set for four months with automatic one-month renewals thereafter, unless either party provides 30 days written notice. Dolly Varden will pay ICP a monthly fee of C$7,500 plus applicable taxes. ICP currently holds no interest in Dolly Varden's securities but may acquire positions in the future. The agreement contains no performance factors, stock options, or additional compensation.
Dolly Varden Silver (OTCX: DOLLF) ha annunciato l'ingaggio di ICP Securities Inc. per servizi di market making automatizzati a partire dal 4 aprile 2025. L'accordo prevede l'uso dell'algoritmo proprietario di ICP, ICP Premium™, per gestire gli squilibri temporanei tra domanda e offerta delle azioni della società.
Il contratto iniziale ha una durata di quattro mesi con rinnovi automatici di un mese successivamente, a meno che una delle parti non fornisca un preavviso scritto di 30 giorni. Dolly Varden pagherà a ICP una commissione mensile di C$7,500 più le tasse applicabili. Attualmente, ICP non detiene alcun interesse nei titoli di Dolly Varden, ma potrebbe acquisire posizioni in futuro. L'accordo non prevede fattori di prestazione, opzioni su azioni o compensi aggiuntivi.
Dolly Varden Silver (OTCX: DOLLF) ha anunciado el compromiso de ICP Securities Inc. para servicios de creación de mercado automatizados a partir del 4 de abril de 2025. El acuerdo incluye el uso del algoritmo propietario de ICP, ICP Premium™, para gestionar los desequilibrios temporales de oferta y demanda en las acciones de la empresa.
El plazo inicial del contrato está establecido por cuatro meses con renovaciones automáticas de un mes a partir de entonces, a menos que alguna de las partes proporcione un aviso por escrito de 30 días. Dolly Varden pagará a ICP una tarifa mensual de C$7,500 más los impuestos aplicables. Actualmente, ICP no tiene ningún interés en los valores de Dolly Varden, pero podría adquirir posiciones en el futuro. El acuerdo no contiene factores de rendimiento, opciones sobre acciones ni compensación adicional.
돌리 바든 실버 (OTCX: DOLLF)는 ICP 증권사와 2025년 4월 4일부터 자동화된 시장 조성 서비스 계약을 체결했다고 발표했습니다. 이 계약은 회사 주식의 일시적인 수급 불균형을 관리하기 위해 ICP의 독점 알고리즘인 ICP 프리미엄™을 사용하는 것을 포함합니다.
초기 계약 기간은 4개월로 설정되어 있으며, 이후에는 한 달 자동 갱신됩니다. 단, 어느 한 쪽이 30일 전에 서면 통지를 제공할 경우는 예외입니다. 돌리 바든은 ICP에 월 C$7,500의 수수료를 지불하며, 해당 세금이 추가로 부과됩니다. 현재 ICP는 돌리 바든의 증권에 대한 이해관계를 보유하고 있지 않지만, 미래에 포지션을 취득할 수 있습니다. 이 계약에는 성과 요소, 주식 옵션 또는 추가 보상이 포함되어 있지 않습니다.
Dolly Varden Silver (OTCX: DOLLF) a annoncé l'engagement de ICP Securities Inc. pour des services de création de marché automatisés à partir du 4 avril 2025. L'accord inclut l'utilisation de l'algorithme propriétaire d'ICP, ICP Premium™, pour gérer les déséquilibres temporaires de l'offre et de la demande des actions de la société.
La durée initiale du contrat est fixée à quatre mois avec des renouvellements automatiques d'un mois par la suite, sauf si l'une des parties donne un préavis écrit de 30 jours. Dolly Varden paiera à ICP des frais mensuels de 7 500 C$ plus les taxes applicables. Actuellement, ICP ne détient aucun intérêt dans les valeurs mobilières de Dolly Varden, mais pourrait acquérir des positions à l'avenir. L'accord ne contient aucun facteur de performance, option d'achat d'actions ou compensation supplémentaire.
Dolly Varden Silver (OTCX: DOLLF) hat die Beauftragung von ICP Securities Inc. für automatisierte Market-Making-Dienste ab dem 4. April 2025 bekannt gegeben. Die Vereinbarung umfasst die Nutzung des proprietären Algorithmus von ICP, ICP Premium™, um vorübergehende Ungleichgewichte zwischen Angebot und Nachfrage der Unternehmensaktien zu verwalten.
Die anfängliche Vertragslaufzeit beträgt vier Monate mit automatischen einmonatigen Verlängerungen, es sei denn, eine der Parteien gibt 30 Tage schriftliche Kündigung. Dolly Varden wird ICP eine monatliche Gebühr von C$7,500 zuzüglich der anfallenden Steuern zahlen. Derzeit hält ICP kein Interesse an den Wertpapieren von Dolly Varden, könnte jedoch in Zukunft Positionen erwerben. Die Vereinbarung enthält keine Leistungsfaktoren, Aktienoptionen oder zusätzliche Vergütungen.
- Engagement of professional market maker may improve stock liquidity
- Additional monthly expense of C$7,500 for market making services
Vancouver, British Columbia--(Newsfile Corp. - April 4, 2025) - Dolly Varden Silver Corporation (TSXV: DV) (OTCX: DOLLF) (FSE: DVQ1) (the "Company" or "Dolly Varden") 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 Venture Exchange and other applicable legislation. ICP will be paid a monthly 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 in the agreement and no stock options or other compensation in connection with the engagement. ICP and its clients may acquire an interest in the securities of the Company in the future.
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 Dolly Varden Silver Corporation
Dolly Varden Silver Corporation is a mineral exploration company focused on advancing its
Forward-Looking Statements
This release may contain forward-looking statements or forward-looking information under applicable securities legislation that may not be based on historical fact, including, without limitation, statements containing the words "believe", "may", "plan", "will", "estimate", "continue", "anticipate", "intend", "expect", "potential", "prospective" and similar expressions. Such forward-looking statements included in this news release include the term of the agreement and the proposed benefits of the agreement. Forward-Looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Dolly Varden to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements, including, without limitation, risks associated with the speculative nature of exploration and development of minerals; the anticipates substantial future capital expenditures associated with the exploration and development of its assets and there can be no assurance that debt or equity financing will be available; inherent competition in the mining industry; risks associate with volatility in mineral prices; risks inherent in the estimation of mineral resources; environmental risks associated with the exploration and development of mineral properties; the Company is reliant on key personnel; risks associated with working in remote regions; risks associated with maintaining positive community relations; and the other risks disclosed in the Company's annual information form ("AIF") dated March 28, 2024 for the year ended December 31, 2023 and other documents filed by the Company with the Canadian securities regulatory authorities, which are available on SEDAR+ at www.sedarplus.ca. The risk factors identified in the Company's public filings are not intended to represent a complete list of factors that could affect the Company. Forward-looking statements are based on management's current expectations and beliefs and assume, among other things, the ability of the Company to satisfy the requirements of listing and registration, and to successfully pursue its current development plans, that future sources of funding will be available to the Company, that relevant commodity prices will remain at levels that are economically viable for the Company and that the Company will receive relevant permits in a timely manner in order to enable its operations, but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward-looking statements or information. The Company disclaims any obligation to update, or to publicly announce, any such statements, events or developments except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this news release.
For further information: Shawn Khunkhun, CEO & Director, 1-604-609-5137, www.dollyvardensilver.com.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/247323
FAQ
What is the cost of ICP Securities' market making services for DOLLF stock?
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What services will ICP Securities provide for Dolly Varden Silver (DOLLF)?
Does ICP Securities currently own any shares of DOLLF stock?
