Moon River Moly Ltd. Engages Independent Trading Group as Market Maker
Moon River Moly Ltd. Engages Independent
Trading Group as Market Maker
Toronto, Ontario--(Newsfile Corp. - June 2, 2025) - Moon River Moly Ltd.
(TSXV: MOO) (OTCQB:
MRIVF)
("
Moon River
" or the "
Company
") announces that, subject to regulatory approval, it has
engaged the services of Independent Trading Group ("ITG") to provide market-making services in
accordance with TSX Venture Exchange TSXV, CSE, and Cboe Canada policies. ITG will trade shares
of the Company on the CSE/ Cboe Canada/ TSXV 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 CAD$6,500 per month, payable monthly in
advance. The agreement is for an initial term of one month and will renew automatically 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 as compensation. ITG and the Company are unrelated and unaffiliated entities and at the time of
the agreement, neither ITG nor its principals have an interest, directly or indirectly, in the securities of the
Company
.
About Independent Trading Group
Independent Trading Group (ITG) Inc. is a Toronto based CIRO 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.
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.
For further information, please contact:
Paul Parisotto, President, Chief Executive Officer and Director, at (416) 800-1753 or
.
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", "plans" 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 ITG to
provide market making 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 a
reasonable market will be maintained nor that the liquidity of the Company's common shares will be
improved. The 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
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, 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/254164