FireFox Gold Engages Independent Trading Group as its Market Maker

Rhea-AI Summary

FireFox Gold Corp. has engaged Independent Trading Group (ITG) for market-making services. ITG will trade shares of the Company to improve liquidity. The agreement is for an initial term of three months and can be terminated with a 30 days' notice.

Positive

• Engaging ITG for market-making services can improve the liquidity of FireFox Gold Corp.'s common shares.

Negative

• There are no performance factors contained in the agreement.

VANCOUVER, BC / ACCESSWIRE / June 8, 2023 / FireFox Gold Corp. (TSX.V:FFOX)(OTCQB:FFOXF)("FireFox" or the "Company") announces that, subject to regulatory approval, it has engaged the services of Independent Trading Group ("ITG") to provide market-making services in accordance with TSX Venture Exchange policies. ITG will trade shares of the Company on the TSXV and all other trading venues with the objectives of maintaining a reasonable market and improving the liquidity of the Company's common shares.

Under the agreement, ITG will receive compensation of CAD$6,000 per month in advance. The agreement is for an initial term of three months and will renew for additional one-month terms unless terminated. The agreement may be terminated by either party with a 30 days' notice. There are no performance factors contained in the agreement and ITG will not receive shares or options as compensation. ITG and the Company are unrelated and unaffiliated entities.

About Independent Trading Group

Independent Trading Group (ITG) Inc. is a Toronto based IIROC dealer-member that specializes in market making, liquidity provision, agency execution, ultra-low latency connectivity, and bespoke algorithmic trading solutions. Established in 1992, with a focus on market structure, execution and trading, ITG 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 FireFox Gold Corp.

FireFox Gold Corp is listed on the TSX Venture Stock Exchange under the ticker symbol FFOX. FireFox also trades on the OTCQB Venture Market Exchange in the US under the ticker symbol FFOXF. The Company has been exploring for gold in Finland since 2017 where it holds a huge portfolio of prospective ground.

Finland is one of the top mining investment jurisdictions in the world as indicated by its multiple top-10 rankings in recent Fraser Institute Surveys of Mining Companies. Having a strong mining law and long mining tradition, Finland remains underexplored for gold. Recent exploration results in the country have highlighted its prospectivity, and FireFox is proud to have a Finland based CEO and technical team.

For more information, please refer to the Company's website and profile on the SEDAR website at www.sedar.com.

On behalf of the Board of Directors,

"Carl Löfberg"
Chief Executive Officer

CONTACT:

FireFox Gold Corp.
Email: info@firefoxgold.com
Telephone: +1-778-938-1994

Forward Looking Statements

The information herein contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary.

The forward-looking statements contained herein represent the expectations of FireFox as of the date of dissemination and, accordingly, are subject to change after such date. Readers should not place undue importance on forward-looking statements and should not rely upon this information as of any other date. FireFox does not undertake to update this information at any particular time except as required in accordance with applicable laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: FireFox Gold Corp

View source version on accesswire.com:
https://www.accesswire.com/760116/FireFox-Gold-Engages-Independent-Trading-Group-as-its-Market-Maker

FAQ

What is FireFox Gold Corp.?

FireFox Gold Corp. is a company engaged in the gold mining industry.

What services will ITG provide?

ITG will provide market-making services to FireFox Gold Corp., trading its shares to improve liquidity.

What is the compensation for ITG?

ITG will receive CAD$6,000 per month in advance.

How long is the agreement?

The agreement is for an initial term of three months and can be renewed for additional one-month terms.

Can the agreement be terminated?

Yes, either party can terminate the agreement with a 30 days' notice.

Are ITG and FireFox Gold Corp. affiliated?

No, ITG and FireFox Gold Corp. are unrelated and unaffiliated entities.