Alpha Exploration Engages Independent Trading Group as Market Maker
Alpha Exploration Engages Independent
Trading Group as Market Maker
Calgary, Alberta--(Newsfile Corp. - February 15, 2022) -
Alpha Exploration Ltd.
(TSXV: ALEX
)
("
Alpha
" or the "
Company
") is pleased to announce that, subject to regulatory approval, it has entered
into a market-making agreement (the "
Market-Maker Agreement
") with Independent Trading Group
("
ITG
") to provide market-making services in accordance with TSX Venture Exchange ("
TSXV
") policies
and applicable law.
ITG will trade shares of the Company on the TSXV and all other trading venues with the objective of
maintaining an orderly market. None of ITG nor its affiliates or associates has any interest directly or
indirectly in the Company or its securities, or any right or intent to acquire such interest. Under the
Market-Maker Agreement, ITG will receive compensation of CAD$5,000 per month, payable monthly in
advance. The Market-Maker Agreement is for an initial term of three months and will renew for additional
one-month terms unless terminated by either party with 30 days' notice. There are no performance
factors contained in the Market-Maker Agreement and ITG will not receive shares or options as
compensation.
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.
About Alpha Exploration Limited
Alpha is an exploration company managed by a group of highly experienced and successful
professionals focused on the discovery of world class economic gold and base metals deposits in the
highly prospective Arabian-Nubian shield of northeast Africa.
Alpha currently holds a 100% interest in the
large (771 km
2
) Kerkasha Exploration License in southwest Eritrea. Since acquiring the property in
January 2018, the company has identified 17 in prospects including a gold-copper porphyry-style
prospect, several orogenic gold occurrences and at least two volcanic-massive-sulphide prospects on
the license. The Company plans to drill several of these prospects this year.
For further information go to the Alpha webpage at
www.alpha-exploration.com
or contact:
Michael Hopley
President and Chief Executive Officer
Alpha Exploration Ltd.
Email:
Tel: +44 207129 1148
Cautionary Notes
This press release is intended for distribution in Canada only and is not intended for
distribution to United States newswire services or dissemination in the United States.
Forward-Looking Statements
Certain statements and information herein, including all statements that are not historical facts,
contain forward-looking statements and forward-looking information within the meaning of applicable
securities laws. Such forward-looking statements or information include but are not limited to
statements or information with respect to: anticipated regulatory approvals with respect to the Market-
Maker Agreement, the payment of fees to ITG under the Market-Maker Agreement and the relevant
term of such engagement. Often, but not always, forward-looking statements or information can be
identified by the use of words such as "estimate", "project", "belief", "anticipate", "intend", "expect",
"plan", "predict", "may" or "should" and the negative of these words or such variations thereon or
comparable terminology are intended to identify forward-looking statements and information. With
respect to forward-looking statements and information contained herein, Alpha has made numerous
assumptions including among other things, assumptions about general business and economic
conditions and the price of gold and other minerals. The foregoing list of assumptions is not
exhaustive.
Although management of Alpha believes that the assumptions made and the expectations
represented by such statements or information are reasonable, there can be no assurance that
forward-looking statements or information herein will prove to be accurate. Forward-looking statements
and information by their nature are based on assumptions and involve known and unknown risks,
uncertainties and other factors which may cause actual results, performance or achievements, or
industry results, to be materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements or information. These factors include, but
are not limited to: risks relating to Alpha's financing efforts; risks associated with the business of Alpha
given its limited operating history; business and economic conditions in the mining industry generally;
the supply and demand for labour and other project inputs; changes in commodity prices; changes in
interest and currency exchange rates; risks relating to inaccurate geological and engineering
assumptions (including with respect to the tonnage, grade and recoverability of reserves and
resources); risks relating to unanticipated operational difficulties (including failure of equipment or
processes to operate in accordance with specifications or expectations, cost escalation, unavailability
of materials and equipment, government action or delays in the receipt of government approvals,
industrial disturbances or other job action, and unanticipated events related to health, safety and
environmental matters); risks relating to adverse weather conditions; political risk and social unrest;
changes in general economic conditions or conditions in the financial markets; changes in laws
(including regulations respecting mining concessions); risks related to the direct and indirect impact
of COVID-19 including, but not limited to, its impact on general economic conditions, the ability to
obtain financing as required, and causing potential delays to exploration activities; those factors
discussed under the heading "Risk Factors" in the Final Prospectus; and other risk factors as detailed
from time to time. Alpha does not undertake to update any forward-looking information, except in
accordance with applicable securities laws.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/113874