First Nordic Engages ICP Securities for Automated Market Making Services
First Nordic Engages ICP Securities for Automated Market Making Services
Vancouver, BC – July 10 , 2024 – First Nordic Metals Corp. (the “Company” or “First Nordic” )
(TSX.V:FNM, OTCQB:FNMCF, FRA: HEG0) is pleased to 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 C$7,500, plus
applicable taxes. The agreement between the Company and ICP was signed with a start date of July 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 FIRST NORDIC
The Company's flagship asset is the Barsele gold project, located in Sweden and in a joint venture with
senior gold producer Agnico Eagle Mines Limited. Immediately surrounding the Barsele project, FNM is
the 100% -owner of a district -scale license position of close to 100,000 hectares on Gold Line Belt.
Additionally, in northern Finland FNM is the 100%-owner of a district -scale position covering the entire
Oijärvi Greenstone Belt.
ON BEHALF OF THE BOARD OF DIRECTORS
Taj Singh, M.Eng, P.Eng, CPA
President & CEO, Director
NEWS RELEASE
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For further information contact:
Alicia Ford
Business Development Manager
Phone: 604-687-8566
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements:
This news release may include forward -looking statements that are subject to inherent risks and uncertainties. All statements
within this news release, other than statements of historical fact, are to be considered forward looking. Although First Nordic
believes the expectations expressed in such forward -looking statements are based on reasonable assumptions, such
statements are not guarantees of future performance and actual results or developments may differ materially from those
described in forward -looking statements. Factors that could cause actual results to differ materially from those described in
forward-looking statements include fluctuations in market prices, including metal prices, continued availability of capital and
financing, and general economic, market or business conditions. There can be no assurances that such statements will prove
accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties.