Moon River Moly Ltd. Engages ICP Securities Inc. for Automated Market Making Services
Moon River Moly Ltd. Engages ICP Securities
Inc. for Automated Market Making Services
Toronto, Ontario--(Newsfile Corp. - December 5, 2024) - Moon River Moly Ltd.
(TSXV: MOO)
("
Moon
River Moly
" 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 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 December 3, 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.
This engagement is subject to TSXV approval.
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.
ON BEHALF OF MOON RIVER MOLY LTD.
Per: Paul Parisotto, President, CEO & Director
For further information please contact:
Paul Parisotto, President, Chief Executive Officer and Director, at (416) 800-1753 or
or visit our website at
www.moonrivermoly.com
.
About Moon River
Moon River is a Canadian-based resource company focused on the acquisition, exploration and
development of mineral projects. Moon River is focused on the development of the Davidson Property
which hosts a large molybdenum-tungsten deposit and is located near Smithers, British Columbia. The
Company also holds 25% of one of the largest molybdenum mines in North America, the Endako Mine
Complex also located in British Columbia.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking Statements:
This press release contains forward-looking statements and forward-looking information (collectively,
"
forward-looking statements
") within the meaning of applicable securities laws. Any statements that
are contained in this press release that are not statements of historical fact may be deemed to be
forward-looking statements. Forward-looking statements are often identified by terms such as "may",
"should", "anticipate", "will", "estimates", "believes", "intends", "expects" and similar expressions, which
are intended to identify forward-looking statements. More particularly and without limitation, this press
release contains forward-looking statements concerning the engagement of a consultant to provide
communication services to the Company.
These forward-looking statements reflect the current views of the Company, represent the expectations
of the Company as of the date of this news release, and are based on certain assumptions that the
Company has made in respect thereof as at the date of this press release.
Although the Company believes the expectations and material factors and assumptions reflected in
these forward-looking statements are reasonable as of the date hereof, there can be no assurance that
these expectations, factors and assumptions will prove to be correct. These forward-looking statements
are not guarantees of future performance and are subject to a number of known and unknown risks and
uncertainties including risks detailed in the Company's Filing Statement and continuous disclosure,
which are available on SEDAR+ at
www.sedarplus.ca
.
Accordingly, readers should not place undue
reliance on the forward-looking statements contained in this press release.
These risk factors should not be construed as exhaustive. Readers are cautioned that events or
circumstances could cause results to differ materially from those predicted, forecasted or projected. The
forward-looking statements contained in this document speak only as of the date of this document. The
Company does not undertake any obligation to publicly update or revise any forward-looking statements
or information contained herein, except as required by applicable laws. The forward-looking statements
contained in this document are expressly qualified by this cautionary statement.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/232606