GR Silver Mining " or the " Company
GR Silver Mining Engages ICP Securities Inc.
for Automated Market Making Services
VANCOUVER, BC
,
Nov. 29, 2024
/CNW/ -
GR Silver Mining Ltd.
("
GR Silver Mining
" or the
"
Company
") (TSXV: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE) 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 legislation. ICP will be paid a
monthly fee of
$7,500
, plus applicable taxes. The agreement between the Company and ICP was
signed with a start date of
November 29, 2024
, 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.
About GR Silver Mining Ltd.
GR Silver Mining is a Canadian-based,
Mexico
-focused junior mineral exploration company engaged
in cost effective silver-gold resource expansion on its 100%-owned assets, located on the eastern
edge of the Rosario Mining District, in the southeast of Sinaloa State,
Mexico
. GR Silver Mining
controls 100% of the Plomosas Project, including the former Plomosas underground mine and wide,
high-grade silver mineralized zones at the San Marcial Area. Recent discoveries in the 78 km
2
of
highly prospective advanced stage exploration concessions, position the Company well in the pursuit
for resource expansion at the Plomosas Project.
GR Silver Mining Ltd.
Eric Zaunscherb
Chair & CEO
Cautionary Statement Regarding Forward-Looking Information
This press release contains "forward-looking statements" within the meaning of applicable
Canadian securities legislation and information that are based on the beliefs of management and
reflect the Company's current expectations. When used in this press release, the words "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.
Such statements and information reflect the current view of the Company. Risks and uncertainties
may cause actual results to differ materially from those contemplated in those forward-looking
statements and information. By their nature, forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause our actual results, performance or
achievements, or other future events, to be materially different from any future results,
performance or achievements expressed or implied by such forward-looking statements.
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 press release.
SOURCE
GR Silver Mining Ltd.
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For further information:
For further information, please contact: Eric Zaunscherb, Telephone:
+1.647.293.8457, Email: [email protected]
CO: GR Silver Mining Ltd.
CNW 07:30e 29-NOV-24