Blackrock Silver Engages ICP Securities for Automated Market Making Services
Blackrock Silver Engages ICP Securities for
Automated Market Making Services
Vancouver, British Columbia--(Newsfile Corp. - March 7, 2025) -
Blackrock Silver Corp.
(TSXV:
BRC) (OTCQX: BKRRF) (FSE: AHZ0)
("
Blackrock
" 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 Venture Exchange and other applicable securities legislation.
Pursuant to the market-making agreement entered into between the Company and ICP (the
"
Agreement
"), ICP will receive a fee of C$7,500 (plus applicable taxes) per month, payable monthly in
advance (the "
Service Fee
"). The Agreement is for an initial term of four (4) months (the "
Initial Term
")
and shall be automatically renewed for subsequent one (1) month terms (each subsequent one-month
term, an "
Additional Term
") unless either the Company or ICP provides at least thirty (30) days written
notice of termination to the other prior to the end of an Additional Term.
ICP does not have any interest, directly or indirectly, in the Company or its securities or any right or intent
to acquire such an interest at this time, however ICP and its clients may acquire an interest in the
securities of the Company in the future. There are no performance factors contained under the terms of
the Agreement and no equity incentive compensation or other compensation, other than the Service
Fee, is being granted by the Company to ICP in connection with the Agreement.
ICP is an arm's length party to the Company. ICP's market making activity services provided to the
Company pursuant to the terms of the Agreement will be primarily to correct temporary imbalances in the
supply and demand of the Company's common shares ("
Common Shares
"). ICP will be responsible for
the costs it incurs in buying and selling the Company's Common Shares, and no third party will be
providing funds or securities for the market making activities provided by ICP.
ICP Securities Inc.
ICP Securities Inc. is a Toronto based Canadian Investment Regulatory Organization 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 Blackrock Silver Corp.
Backed by gold and silver ounces in the ground, Blackrock is a junior precious metal focused exploration
and development company driven to add shareholder value. Anchored by a seasoned Board of
Directors, the Company is focused on its 100% controlled Nevada portfolio of properties consisting of
low-sulphidation, epithermal gold and silver mineralization located along the established Northern
Nevada Rift in north-central Nevada and the Walker Lane trend in western Nevada.
Additional information on Blackrock can be found on its website at
www.blackrocksilver.com
and by
reviewing its profile on SEDAR+ at
www.sedarplus.ca
.
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.
For Further Information, Contact:
Andrew Pollard
President and Chief Executive Officer
(604) 817-6044
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/243628