Discovery Engages ICP Securities Inc. for Automated Market Making Services
Discovery Engages ICP Securities Inc. for Automated Market Making
Services
June 14, 2024, Toronto, Ontario – Discovery Silver Corp. (TSX: DSV, OTCQX: DSVSF) (“Discovery”
or the “Company”) today announced an agreement (the “Agreement”) to engage the services of ICP
Securities Inc. (“ICP”) to provide automated market making services, including the use of its proprietary
algorithm, ICP Premium™, in compliance with the policies and guidelines of th e TSX Exchange and
other applicable legislation.
Under terms of the Agreement, ICP will receive a monthly fee, with there being no performance-based
factors. No stock options or other forms of equity -based compensation will be granted in connection
with the Agreement. ICP and its clients may choose to 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 aimed at
correcting 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
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 Discovery
Discovery’s flagship project is its 100%-owned Cordero project (the “Project”), one of the world’s largest
undeveloped silver deposits, which is located close to infrastructure in a prolific mining belt in Chihuahua
State, Mexico. The Feasibility Study com pleted in February 2024 demonstrates that Cordero has the
potential to be developed into a large-scale, long-life project that generates attractive economic returns
and delivers substantial socio -economic benefits for local stakeholders. In developing and operating
the Project, an important priority will be maximizing the use of green energy sources, such as electric
vehicles and solar power, with the Company’s objective being to establish Cordero as the lowest carbon
footprint open-pit mine globally.
NEWS RELEASE
On Behalf of the Board of Directors,
Tony Makuch, P.Eng
President, CEO & Director
For further information contact:
Mark Utting, CFA
VP Investor Relations
Phone: 416-806-6298
Email: [email protected]
Website: www.discoverysilver.com
Neither TSX Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Exchange) accepts responsibility
for the adequacy or accuracy of this release.
Statements in this news release are not guarantees of future performance related to the Company’s common shares.
This news release is not for distribution to United States newswire services or for dissemination in the United States.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of an y of the securities in
any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The
securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or any state
securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation
S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such re gistration
requirements is available.