Therma Bright Engages Independent Trading Group as Market Maker

Rhea-AI Summary

Therma Bright Inc. (TSXV: THRM) (OTCQB: TBRIF) (FSE: JNX), a developer and investment partner in diagnostic and medical device technologies, has engaged Independent Trading Group (ITG) for market-making services. This engagement, subject to regulatory approval, aims to maintain a reasonable market and improve liquidity of Therma Bright's common shares on the TSXV and other trading venues.

The agreement includes compensation of CAD $5,500 per month to ITG, with an initial one-month term that automatically renews unless terminated. Either party can terminate with 30 days' notice. ITG will not receive shares or options as compensation, and there are no performance factors in the agreement. The companies are unrelated, and ITG has no interest in Therma Bright's securities at the time of the agreement.

Positive

• Engagement of a market maker may improve stock liquidity
• Agreement is flexible with monthly renewal and 30-day termination notice

Negative

• Additional monthly expense of CAD $5,500 for market-making services

Toronto, Ontario--(Newsfile Corp. - July 18, 2024) - Therma Bright Inc. (TSXV: THRM) (OTCQB: TBRIF) (FSE: JNX) ("Therma" or the "Company"), a developer and investment partner in a wide range of leading-edge, proprietary diagnostic and medical device technologies, 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 TSXV policies, ITG will trade shares of the Company on the 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 $5,500 per month, payable monthly in advance. The agreement is for an initial term of one month 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 Independent Trading Group

Independent Trading Group (ITG) Inc. is a Toronto based CIRO 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 Therma Bright Inc.
Therma Bright is a developer and partner in a wide range of leading edge, proprietary diagnostic and medical device technologies focused on providing consumers and medical professionals with quality, innovative solutions that address some of today's most important medical and healthcare challenges. Therma Bright Inc. trades on the (TSXV: THRM) (OTCQB: TBRIF) (FSE: JNX). Visit: www.thermabright.com.

Therma Bright Inc.
Rob Fia, CEO
rfia@thermabright.com
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FORWARD-LOOKING STATEMENTS
Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events such as market making services as described in the news release. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether such results will be achieved. Actual results could differ materially from those anticipated due to several factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether because of new information, future events or otherwise, except as required under applicable securities regulations.

Neither the 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 press release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/216988

FAQ

What is the purpose of Therma Bright (TBRIF) engaging Independent Trading Group?

Therma Bright has engaged Independent Trading Group to provide market-making services, aiming to maintain a reasonable market and improve the liquidity of the company's common shares on the TSXV and other trading venues.

How much will Therma Bright (TBRIF) pay for the market-making services?

Therma Bright will pay Independent Trading Group CAD $5,500 per month for their market-making services.

What is the duration of the market-making agreement between Therma Bright (TBRIF) and ITG?

The agreement has an initial term of one month and will automatically renew for additional one-month terms unless terminated by either party with 30 days' notice.

Will Independent Trading Group receive any shares or options from Therma Bright (TBRIF) as compensation?

No, Independent Trading Group will not receive any shares or options as compensation from Therma Bright. The compensation is to the monthly fee of CAD $5,500.