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Thunderbird Entertainment Appoints Independent Trading Group as Market Maker
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary
Thunderbird Entertainment Group (THBRF) has engaged Independent Trading Group (ITG) to provide market-making services for a minimum term of three months, with a monthly fee of $6,500. This arrangement aims to maintain an orderly market for the company’s securities on the TSX Venture Exchange. ITG will be compensated solely in cash, and no shares or options will be involved. Thunderbird operates as a leading multiplatform production company, known for its award-winning programs across various genres.
Positive
Engaged ITG for market-making to enhance trading liquidity.
Monthly fee of $6,500 is a reasonable investment for market stability.
Negative
Ongoing market-making costs could impact short-term profitability.
Reliance on market makers may indicate liquidity concerns.
VANCOUVER, British Columbia--(BUSINESS WIRE)--
Thunderbird Entertainment Group Inc. (TSXV: TBRD, OTCQX: THBRF), is pleased to announce that it has retained Independent Trading Group (“ITG”) to provide market making services in accordance with TSX Venture Exchange policies.
ITG will trade the securities of the Company on the TSX-V for the purposes of maintaining an orderly market. In consideration of the services provided by ITG, the Company will pay ITG a monthly cash fee of $6,500 for minimum term of three months and renewable thereafter. The Company and ITG are unrelated and unaffiliated entities. ITG will not receive shares or options as compensation. The capital used for market making will be provided by ITG.
For information on Thunderbird and to subscribe to the Company’s investor list for news updates, go to www.thunderbird.tv.
ABOUT THUNDERBIRD ENTERTAINMENT GROUP
Thunderbird Entertainment Group is a global award-winning, full-service multiplatform production, distribution and rights management company, headquartered in Vancouver, with additional offices in Los Angeles, Toronto, and Ottawa. Thunderbird creates award-winning scripted, unscripted, and animated programming for the world’s leading digital platforms, as well as Canadian and international broadcasters. Thunderbird’s vision is to produce high quality, socially responsible content that makes the world a better place. The Company develops, produces, and distributes animated, factual, and scripted content through its various divisions, including Thunderbird Kids and Family (Atomic Cartoons), Thunderbird Factual (Great Pacific Media) and Thunderbird Scripted. Productions under the Thunderbird umbrella include The Last Kids on Earth, Molly of Denali, Highway Thru Hell and Kim’s Convenience, among others. The Company also has a division dedicated to global distribution and consumer products. Thunderbird is on Facebook, Twitter, and Instagram at @tbirdent. For more information, visit: www.thunderbird.tv.
On Behalf of Thunderbird Entertainment Group Inc.
Jennifer Twiner McCarron Chief Executive Officer
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility of the adequacy or accuracy of this release, which has been prepared by management.
