Kobrea Exploration Engages Independent Trading Group as Market Maker
Kobrea Exploration Engages Independent
Trading Group as Market Maker
Vancouver, British Columbia--(Newsfile Corp. - April 15, 2024) - Kobrea Exploration Corp. (CSE: KBX)
(FSE: F3I) (OTCQB: KBXFF) ("Kobrea" or the "Company") is pleased to announce that it has engaged
the services of Independent Trading Group (ITG), Inc. ("ITG") to provide market-making services in
accordance with the policies of the Canadian Securities Exchange (the "CSE"). Pursuant to the
engagement, ITG will trade common shares of the Company on the CSE and all other trading venues
with the objective of maintaining a reasonable market and improving the liquidity of the Company's
common shares.
Under the agreement, ITG will receive compensation of C$5,000 per month, plus taxes, payable monthly
in advance. The agreement is for an initial term of one month and will renew for additional one-month
terms unless terminated. The agreement may be terminated by either party with 30 days' notice.
There are no performance factors contained in the agreement and ITG will not receive shares or options
of the Company as compensation. ITG and the Company are unrelated and unaffiliated entities and at
the time of the agreement, neither ITG nor its principals held an interest, directly or indirectly, in the
securities of the Company. ITG is a member of the Canadian Investment Regulatory Organization (CIRO)
and can access all Canadian stock exchanges and alternative trading systems. The capital and
securities required for any trade undertaken by ITG as principal will be provided by ITG.
About Independent Trading Group
Independent Trading Group (ITG) Inc. is a Toronto-based IIROC dealer-member that specializes in
market making, liquidity provision, agency execution, ultra-low latency connectivity, and bespoke
algorithmic trading solutions. Established in 1992, with a focus on market structure, execution and
trading, ITG 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 OF DIRECTORS
Per:
"
James Hedalen
"
James Hedalen
CEO & Director
About Kobrea Exploration Corp.
Kobrea Exploration Corp. is a mineral exploration & development company focused on the acquisition
and exploration of base metal projects. The Company holds a 100% interest in the Upland Copper
Project in British Columbia, Canada.
For more information, please consult the Company's filings, available at
www.sedarplus.ca
.
Contact Information
James Hedalen
CEO & Director
Mobile: (778) 322-9066
Email:
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of applicable
securities laws with respect to the Company. These forward-looking statements generally are identified
by words such as "believe," "project," "aim," "expect," "anticipate," "estimate," "intend," "strategy,"
"future," "opportunity," "plan," "may," "should," "will," "would," and similar expressions and in this
press release include statements respecting the ITG engagement and the services to be provided
thereunder. Although the Company believes that the expectations and assumptions on which such
forward-looking statements and information are based are reasonable, undue reliance should not be
placed on the forward-looking statements and information because the Company can give no
assurance that they will prove to be correct. Since forward-looking statements and information address
future events and conditions, by their very nature they involve inherent risks and uncertainties. Many
factors could cause actual future events to differ materially from the forward-looking statements in this
press release. The forward-looking statements included in this news release are expressly qualified by
this cautionary statement. The forward-looking statements and information contained in this news
release are made as of the date hereof and the Company undertakes no obligation to update publicly
or revise any forward-looking statements or information, whether as a result of new information, future
events or otherwise, unless so required by applicable laws.
The Canadian Securities Exchange has not reviewed this press release and does not accept
responsibility for the adequacy or accuracy of this news release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/205606