Imperial Mining Engages Independent Trading Group as Its Market Maker

Rhea-AI Summary

MONTREAL, April 11, 2022 – Imperial Mining Group Ltd. (TSX VENTURE: IPG; OTCQB: IMPNF) has engaged Independent Trading Group (ITG) for market-making services, pending regulatory approval. ITG aims to enhance liquidity in trading Imperial's shares on various exchanges. The agreement, starting with a three-month term, includes monthly compensation of CAD$6,500. ITG operates independently and has no vested interest in Imperial's securities. Imperial Mining is focused on advancing technology metals projects in Québec, underpinned by a team with a solid track record in mineral exploration.

Positive

• Engagement of ITG aims to enhance market liquidity and trading efficiency.
• Agreement outlines a clear compensation structure with ITG, potentially stabilizing share price.

Negative

• None.

MONTREAL, April 11, 2022 (GLOBE NEWSWIRE) -- Imperial Mining Group Ltd. ("Imperial") (TSX VENTURE: IPG; OTCQB: IMPNF) is pleased to announce 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 TSXV, CSE, NEO policies. ITG will trade shares of the Company on the CSE/ NEO/ TSXV and all other trading venues with the objective of maintaining a reasonable market and improving the liquidity of the Company's common shares.

Under the agreement, ITG will receive compensation of CAD$6,500 per month, payable monthly 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 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 and at the time of the agreement, neither ITG nor its principals have an interest, directly or indirectly, in the securities of the Company.

ABOUT IMPERIAL MINING GROUP LTD.

Imperial is a Canadian mineral exploration and development company focused on the advancement of its technology metals projects in Québec. Imperial is publicly listed on the TSX Venture Exchange as “IPG” and on the OTCQB Exchange as “IMPNF” and is led by an experienced team of mineral exploration and development professionals with a strong track record of mineral deposit discovery in numerous metal commodities.

ABOUT INDEPENDENT TRADING GROUP

ITG is Canada's only brokerage firm dedicated specifically to professional trading. As Canada's foremost Market Making Firm, ITG provides Market Making and Liquidity Provider services that are objective and focused. With its head office in Toronto, ITG employs real traders and provides real liquidity, with an underlying emphasis on integrity and success.

For further information please contact:

Peter J. Cashin President and Chief Executive Officer Phone: +1 (514) 360-0571 Email: info@imperialmgp.com

Website: www.imperialmgp.com           Twitter: @imperial_mining         Facebook: Imperial Mining Group

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

FAQ

What is the purpose of the agreement with Independent Trading Group for IMPNF?

The agreement aims to provide market-making services to enhance liquidity and trading efficiency for Imperial Mining Group's shares.

How much will Imperial Mining Group pay Independent Trading Group monthly?

Imperial Mining Group will pay ITG CAD$6,500 each month for market-making services.

What is the initial term of the agreement with ITG for Imperial Mining Group?

The agreement with ITG has an initial term of three months, with options for month-to-month renewal.

Are ITG and Imperial Mining Group related entities?

No, ITG and Imperial Mining Group are unrelated and unaffiliated entities.

What exchanges will ITG be trading shares of Imperial Mining Group?

ITG will trade Imperial's shares on CSE, NEO, TSXV, and other trading venues.