Golden Cross Resources Engages ICP Securities Inc. for Automated Market Making Services
Golden Cross Resources Engages ICP
Securities Inc. for Automated Market Making
Services
Vancouver, British Columbia--(Newsfile Corp. - May 1, 2025) -
Golden Cross Resources.
(TSXV:
AUX) (OTC Pink: ZCRMD) (the "Company" or "Golden Cross")
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$7,500, plus
applicable taxes. The agreement between the Company and ICP was signed with a start date of May 1,
2025, and is for four (4) months (the "Initial Term") and shall be automatically renewed for subsequent
one (1) month terms (each month called an "Additional Term") unless either party provides at least thirty
(30) days written notice prior to the end of the Initial Term or an Additional Term, as applicable. There
are no performance factors contained in the agreement and no stock options or other compensation in
connection with the engagement. ICP and its clients may acquire an interest in the securities of the
Company in the future.
ICP is an arm's length party to the Company. 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.
ON BEHALF OF THE BOARD
"
Matthew Roma
"
Matthew Roma
Director and CEO
For further information contact:
Matt Roma, CEO
+1-778-736-3356
Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
news release.
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https://www.newsfilecorp.com/release/250385