Gladiator Metals Engages ICP Securities Inc. for Automated Market Making Services
Gladiator Metals Corp. (TSXV: GLAD) (OTCQB: GDTRF) has announced the engagement of ICP Securities Inc. for automated market making services. The agreement, effective April 1, 2025, includes the use of ICP's proprietary algorithm, ICP Premium™, and will run for an initial four-month term with automatic monthly renewals thereafter.
The company will pay ICP a monthly fee of C$7,500 plus applicable taxes. Either party can terminate the agreement with 30 days written notice. The arrangement excludes performance factors, stock options, or additional compensation. ICP's primary role will be to address temporary supply and demand imbalances in Gladiator's shares, with ICP bearing the costs of buying and selling the company's shares.
Gladiator Metals Corp. (TSXV: GLAD) (OTCQB: GDTRF) ha annunciato l'ingaggio di ICP Securities Inc. per servizi di market making automatizzati. L'accordo, che entrerà in vigore il 1 aprile 2025, prevede l'uso dell'algoritmo proprietario di ICP, ICP Premium™, e avrà una durata iniziale di quattro mesi con rinnovi automatici mensili successivi.
La società pagherà a ICP una commissione mensile di C$7.500 più le tasse applicabili. Qualsiasi parte può terminare l'accordo con un preavviso scritto di 30 giorni. L'accordo esclude fattori di prestazione, opzioni azionarie o compensi aggiuntivi. Il ruolo principale di ICP sarà quello di affrontare gli squilibri temporanei tra domanda e offerta delle azioni di Gladiator, con ICP che si farà carico dei costi di acquisto e vendita delle azioni della società.
Gladiator Metals Corp. (TSXV: GLAD) (OTCQB: GDTRF) ha anunciado la contratación de ICP Securities Inc. para servicios de creación de mercado automatizados. El acuerdo, que entrará en vigor el 1 de abril de 2025, incluye el uso del algoritmo propietario de ICP, ICP Premium™, y tendrá una duración inicial de cuatro meses con renovaciones automáticas mensuales a partir de entonces.
La empresa pagará a ICP una tarifa mensual de C$7,500 más impuestos aplicables. Cualquiera de las partes puede rescindir el acuerdo con un aviso por escrito de 30 días. El acuerdo excluye factores de rendimiento, opciones sobre acciones o compensación adicional. El papel principal de ICP será abordar los desequilibrios temporales de oferta y demanda en las acciones de Gladiator, siendo ICP quien asuma los costos de compra y venta de las acciones de la empresa.
Gladiator Metals Corp. (TSXV: GLAD) (OTCQB: GDTRF)는 ICP Securities Inc.와 자동화된 시장 조성 서비스 계약을 체결했다고 발표했습니다. 이 계약은 2025년 4월 1일부터 효력이 발생하며, ICP의 독점 알고리즘인 ICP Premium™을 사용할 수 있으며, 초기 4개월 동안 유효하고 이후에는 자동으로 월 단위로 갱신됩니다.
회사는 ICP에게 월 C$7,500의 수수료와 해당 세금을 지급합니다. 어느 당사자든지 서면 통지로 30일 전에 계약을 해지할 수 있습니다. 이 계약은 성과 요인, 주식 옵션 또는 추가 보상을 제외합니다. ICP의 주요 역할은 Gladiator의 주식에서 일시적인 수요와 공급 불균형을 해결하는 것이며, ICP가 회사 주식의 매매 비용을 부담합니다.
Gladiator Metals Corp. (TSXV: GLAD) (OTCQB: GDTRF) a annoncé l'engagement de ICP Securities Inc. pour des services de création de marché automatisés. L'accord, qui prendra effet le 1er avril 2025, comprend l'utilisation de l'algorithme propriétaire d'ICP, ICP Premium™, et sera valable pour une durée initiale de quatre mois avec des renouvellements automatiques mensuels par la suite.
La société paiera à ICP des frais mensuels de 7 500 C$ plus les taxes applicables. Chaque partie peut résilier l'accord avec un préavis écrit de 30 jours. L'arrangement exclut les facteurs de performance, les options d'achat d'actions ou toute compensation supplémentaire. Le rôle principal d'ICP sera de traiter les déséquilibres temporaires d'offre et de demande des actions de Gladiator, ICP assumant les coûts d'achat et de vente des actions de la société.
Gladiator Metals Corp. (TSXV: GLAD) (OTCQB: GDTRF) hat die Beauftragung von ICP Securities Inc. für automatisierte Market-Making-Dienste bekannt gegeben. Die Vereinbarung, die am 1. April 2025 in Kraft tritt, umfasst die Nutzung des proprietären Algorithmus von ICP, ICP Premium™, und wird zunächst für einen Zeitraum von vier Monaten mit anschließenden automatischen monatlichen Verlängerungen gelten.
Das Unternehmen wird ICP eine monatliche Gebühr von C$7.500 zuzüglich der anfallenden Steuern zahlen. Jede Partei kann die Vereinbarung mit einer schriftlichen Kündigungsfrist von 30 Tagen beenden. Die Regelung schließt Leistungsfaktoren, Aktienoptionen oder zusätzliche Vergütungen aus. Die Hauptaufgabe von ICP wird es sein, vorübergehende Ungleichgewichte zwischen Angebot und Nachfrage der Gladiator-Aktien zu beheben, wobei ICP die Kosten für den Kauf und Verkauf der Unternehmensaktien übernimmt.
- Engagement of professional market maker could improve stock liquidity
- Additional monthly expense of C$7,500 plus taxes
Vancouver, British Columbia--(Newsfile Corp. - April 1, 2025) - Gladiator Metals Corp. (TSXV: GLAD) (OTCQB: GDTRF) (FSE: ZX7) (the "Company" or "Gladiator"), 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 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.
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.
ON BEHALF OF THE BOARD
"Jason Bontempo"
Jason Bontempo
Director and CEO
For further information contact:
Caitlin Cheadle, Investor Relations
+1-778-403-5139
ccheadle@gladiatormetals.com
Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/246865
FAQ
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