West Point Gold Corp. Engages ICP Securities Inc. for Automated Market Making Services
West Point Gold (WPGCF) has announced engaging ICP Securities Inc. for automated market making services. The agreement, which began on February 12, 2024, has an initial term of four months with automatic one-month renewals thereafter, unless either party provides 30 days notice of termination.
ICP will provide automated market making services using its proprietary algorithm, ICP Premium™, in compliance with TSX Exchange policies and applicable legislation. The company will pay ICP a monthly fee of C$7,500 plus taxes. The agreement contains no performance factors, stock options, or additional compensation.
ICP's primary role will be to correct temporary imbalances in supply and demand of West Point Gold's shares. Currently, ICP has no direct or indirect interest in the company or its securities but may acquire an interest in the future.
West Point Gold (WPGCF) ha annunciato di aver ingaggiato ICP Securities Inc. per servizi di market making automatizzati. L'accordo, che è iniziato il 12 febbraio 2024, ha una durata iniziale di quattro mesi con rinnovi automatici di un mese successivi, a meno che una delle parti non fornisca un preavviso di cessazione di 30 giorni.
ICP fornirà servizi di market making automatizzati utilizzando il suo algoritmo proprietario, ICP Premium™, in conformità con le politiche della Borsa TSX e la legislazione applicabile. L'azienda pagherà a ICP una commissione mensile di C$7.500 più tasse. L'accordo non prevede fattori di performance, opzioni su azioni o compensi aggiuntivi.
Il ruolo principale di ICP sarà quello di correggere gli squilibri temporanei nella domanda e offerta delle azioni di West Point Gold. Attualmente, ICP non ha né un interesse diretto né indiretto nella società o nei suoi titoli, ma potrebbe acquisire un interesse in futuro.
West Point Gold (WPGCF) ha anunciado la contratación de ICP Securities Inc. para servicios de creación de mercado automatizados. El acuerdo, que comenzó el 12 de febrero de 2024, tiene un plazo inicial de cuatro meses con renovaciones automáticas de un mes a partir de entonces, a menos que alguna de las partes notifique con 30 días de antelación su intención de terminarlo.
ICP proporcionará servicios de creación de mercado automatizados utilizando su algoritmo propietario, ICP Premium™, en cumplimiento con las políticas de la Bolsa de Valores de Toronto (TSX) y la legislación aplicable. La empresa pagará a ICP una tarifa mensual de C$7,500 más impuestos. El acuerdo no incluye factores de rendimiento, opciones sobre acciones ni compensación adicional.
El papel principal de ICP será corregir los desequilibrios temporales en la oferta y la demanda de las acciones de West Point Gold. Actualmente, ICP no tiene interés directo ni indirecto en la empresa o sus valores, pero podría adquirir un interés en el futuro.
웨스트 포인트 골드 (WPGCF)는 ICP 증권 주식회사와 자동화된 시장 조성 서비스 계약을 체결했다고 발표했습니다. 이 계약은 2024년 2월 12일부터 시작되며, 초기 기간은 4개월로 이후 매월 자동 갱신됩니다. 단, 어느 한 쪽이 종료 통지를 30일 전에 제공할 경우는 예외입니다.
ICP는 TSX 거래소 정책 및 관련 법률에 따라 독자적인 알고리즘인 ICP 프리미엄™을 사용하여 자동화된 시장 조성 서비스를 제공합니다. 회사는 ICP에 매달 C$7,500의 수수료를 세금 별도로 지급합니다. 계약에는 성과 요인, 주식 옵션 또는 추가 보상이 포함되어 있지 않습니다.
ICP의 주요 역할은 웨스트 포인트 골드의 주식 공급과 수요의 일시적인 불균형을 수정하는 것입니다. 현재 ICP는 회사나 그 증권에 대한 직접적 또는 간접적인 이해관계를 가지고 있지 않지만, 미래에 이해관계를 가질 수 있습니다.
West Point Gold (WPGCF) a annoncé avoir engagé ICP Securities Inc. pour des services de création de marché automatisés. L'accord, qui a débuté le 12 février 2024, a une durée initiale de quatre mois avec des renouvellements automatiques d'un mois par la suite, à moins qu'une des parties ne donne un préavis de résiliation de 30 jours.
ICP fournira des services de création de marché automatisés en utilisant son algorithme propriétaire, ICP Premium™, conformément aux politiques de la Bourse TSX et à la législation en vigueur. L'entreprise versera à ICP des frais mensuels de C$7,500 plus taxes. L'accord ne contient pas de facteurs de performance, d'options sur actions ou de compensation supplémentaire.
Le rôle principal d'ICP sera de corriger les déséquilibres temporaires entre l'offre et la demande des actions de West Point Gold. Actuellement, ICP n'a aucun intérêt direct ou indirect dans la société ou ses titres, mais pourrait acquérir un intérêt à l'avenir.
West Point Gold (WPGCF) hat die ICP Securities Inc. für automatisierte Market-Making-Dienste engagiert. Die Vereinbarung, die am 12. Februar 2024 begann, hat eine anfängliche Laufzeit von vier Monaten mit anschließenden automatischen Verlängerungen um einen Monat, es sei denn, eine der Parteien kündigt mit einer Frist von 30 Tagen.
ICP wird automatisierte Market-Making-Dienste unter Verwendung seines proprietären Algorithmus, ICP Premium™, in Übereinstimmung mit den Richtlinien der TSX-Börse und geltendem Recht bereitstellen. Das Unternehmen wird ICP eine monatliche Gebühr von C$7.500 zuzüglich Steuern zahlen. Die Vereinbarung enthält keine Leistungsfaktoren, Aktienoptionen oder zusätzliche Vergütungen.
Die Hauptaufgabe von ICP wird es sein, vorübergehende Ungleichgewichte zwischen Angebot und Nachfrage der Aktien von West Point Gold zu korrigieren. Derzeit hat ICP kein direktes oder indirektes Interesse an dem Unternehmen oder seinen Wertpapieren, könnte jedoch in Zukunft ein Interesse erwerben.
- Implementation of automated market making services to improve share liquidity
- Clear cost structure with fixed monthly fee of C$7,500
- Additional monthly operating expense of C$7,500 plus taxes
Vancouver, British Columbia--(Newsfile Corp. - February 13, 2025) - West Point Gold, (TSXV: WPG) (OTCQB: WPGCF) (FSE: LRA0) ("West Point Gold" or "the Company") 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 has no present, direct or indirect interest in the company or its securities, nor any right or present intention to acquire such an interest. 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.
About West Point Gold Corp.
West Point Gold Corp. (formerly Gold79 Mines Ltd.) is a publicly listed company focused on gold discovery and development at four prolific Walker Lane Trend projects covering Nevada and Arizona, USA. West Point Gold is focused on developing a maiden resource at its Gold Chain project in Arizona, while JV partner Kinross is advancing the Jefferson Canyon project in Nevada.
For further information regarding this press release, please contact:
Aaron Paterson, Corporate Communications Manager
Phone: +1 (778) 358-6173
Email: info@westpointgold.com
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Website: westpointgold.com
FORWARD-LOOKING STATEMENTS:
This press release may contain forward-looking statements that are made as of the date hereof and are based on current expectations, forecasts and assumptions which involve risks and uncertainties associated with our business, including any future private placements, the uncertainty as to whether further exploration will result in the target(s) being delineated as a mineral resource, capital expenditures, operating costs, mineral resources, recovery rates, grades and prices, estimated goals, expansion and growth of the business and operations, plans and references to the Company's future successes with its business and the economic environment in which the business operates. All such statements are made pursuant to the 'safe harbour' provisions of, and are intended to be forward-looking statements under, applicable Canadian securities legislation. Any statements contained herein that are statements of historical facts may be deemed to be forward-looking statements. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. We caution readers of this news release not to place undue reliance on our forward-looking statements as a number of factors could cause actual results or conditions to differ materially from current expectations. Please refer to the risks set forth in the Company's most recent annual MD&A and the Company's continuous disclosure documents, which can be found on SEDAR at www.sedarplus.ca. West Point Gold does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
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 release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/240499
FAQ
What is the duration of West Point Gold's (WPGCF) market making agreement with ICP Securities?
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What services will ICP Securities provide to West Point Gold (WPGCF)?
Does ICP Securities currently hold any shares or interest in West Point Gold (WPGCF)?
