North Peak Engages ICP Securities for Automated Market Making Services
North Peak Engages ICP Securities for
Automated Market Making Services
Calgary, Canada March 11, 2025
North Peak Resources Ltd. (TSX Venture: NPR) (the “ Company” or “ North Peak”) 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 securities legislation.
Pursuant to the market -making agreement entered into between the Company and ICP (the
“Agreement”), ICP will receive a fee of C$7,500 (plus applicable taxes) per month, payable monthly in
advance (the “Service Fee”). The Agreement is for an initial term of four (4) months (the “Initial Term”)
and shall be automatically renewed for subsequent one (1) month terms (each subsequent one-month
term, an “Additional Term”) unless either the Company or ICP provides at least thirty (30) days written
notice of termination to the other prior to the end of an Additional Term.
ICP does not have any interest, directly or indirectly, in the Company or its securities or any right or intent
to acquire such an interest at this time, however ICP and its clients may acquire an interest in the securities
of the Company in the future. Th ere are no performance factors contained under the terms of the
Agreement and no equity incentive compensation or other compensation, other than the Service Fee, is
being granted by the Company to ICP in connection with the Agreement.
ICP is an arm’s length party to the Company. ICP’s market making activity services provided to the
Company pursuant to the terms of the Agreement will be primarily to correct temporary imbalances in the
supply and demand of the Company’s common shares. ICP will be responsible for the costs it incurs in
buying and selling the Company’s common shares, and no third party will be providing funds or securities
for the market making activities provided by ICP.
ICP Securities Inc.
ICP Securities Inc. is a Toronto based Canadian Investment Regulatory Organization 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.
Clarification Regarding Recent Grant of Options
On March 10, 2025, the Company granted 300,000 options to acquire common shares to the CEO of the
Company. For clarification, those options expire five years from the date of grant.
About North Peak
The Company is a Canadian based gold exploration and development company that is listed on the
TSX Venture Exchange under the symbol “NPR”. The Company is focused on acquiring historic sites,
with low cost producing gold and other metals properties, with near term production potential and 8+
year mine life in the northern hemisphere.
www.northpeakresources.com
TSX Venture: NPR
2
The Company has acquired an initial 80% interest in the Prospect Mountain Mine complex in Eureka,
Nevada (see the Company’s May 4, May 23 and August 25, 2023, press releases) (the “Property”).
The Company can give no assurances at this time that its properties and interests will fulfil the
Company’s business development goals described herein. Trading in the securities of the
Company should be considered highly speculative.
For further information, please contact:
Rupert Williams, CEO
Phone: +1-647-424-2305
Email: [email protected]
Website: www.northpeakresources.com
Chelsea Hayes, Director
Phone: +1-647-424-2305
Email: [email protected]
CAUTIONARY STATEMENT REGARDING FORWARD -LOOKING STATEMENTS : This press
release includes certain "forward-looking statements" under applicable Canadian securities legislation.
Forward-looking statements include, but are not limited to statements regarding the plans, intentions,
beliefs, and current expectations of the Property and the Company that may be described herein .
Forward-looking statements consist of statements that are not purely historical, including any
statements regarding beliefs, plans, expectations or intentions regarding the future. Such information
can genera lly be identified by the use of forwarding -looking wording such as “may”, “expect”,
“estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations.
Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no
assurance that the plans, intentions or expectations upon which they are based will occur.
By their nature, forward-looking statements involve numerous assumptions, known and unknown risks
and uncertainties, both general and specific, that contribute to the possibility that the predictions,
estimates, forecasts, projections and other forward -looking statements will not occur. These
assumptions, risks and uncertainties include, among other things, the state of the economy in general
and capital markets in particular, accuracy of assay results, geological interpretations from drilling
results, timing and amount of capital expenditures; performance of available laboratory and other
related services, future operating costs, and the historical basis for current estimates of potential
quantities and grades of target zones, as well as those risk factors discussed or referred to in the
Company's Management's Discussion and Analysis for the year ended December 31, 202 3 and the
quarter ended September 30, 2024, available at www.sedarplus.ca, many of which are beyond the
control of the Company. Forward -looking statements contained in this press release are expressly
qualified by this cautionary statement.
The forward-looking statements contained in this press release are made as of the date of this press
release. Except as required by law, the Company disclaims any intention and assumes no obligation
to update or revise any forward -looking statements, wheth er as a result of new information, future
events or otherwise. Additionally, the Company undertakes no obligation to comment on the
expectations of, or statements made by, third parties in respect of the matters discussed above.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.