Scottie Resources Engages ICP Securities Inc. FOR Automated Market Making Services
SCOTTIE RESOURCES ENGAGES ICP SECURITIES INC. FOR
AUTOMATED MARKET MAKING SERVICES
VANCOUVER, BC
,
Dec. 16, 2024
/CNW/ - Scottie Resources Corp. ("
Scottie
" or the "
Company
") (TSXV: SCOT) (OTCQB: SCTSF)
(FSE:SR8) 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
December 12, 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 SCOTTIE RESOURCES CORP.
Scottie owns a 100% interest in the Scottie Gold Mine Property which includes the Blueberry Contact Zone and the high-grade, past-producing
Scottie Gold Mine
. Scottie also owns 100% interest in the Georgia Project which contains the high-grade past-producing
Georgia River Mine
, as
well as the Cambria Project properties and the Sulu and Tide North properties. Altogether Scottie Resources holds approximately 58,500
hectares of mineral claims in the Stewart Mining Camp in the Golden Triangle.
The Company's focus is on expanding the known mineralization around the past-producing mines while advancing near mine high-grade gold
targets, with the purpose of delivering a potential resource.
All of the Company's properties are located in the area known as the Golden Triangle of
British Columbia
which is among the world's most prolific
mineralized districts.
Forward Looking Statements
This news release may contain forward
looking statements. Forward looking statements are statements that are not historical facts and are
generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and
similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company 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 may differ materially from those in forward looking statements. Forward
looking statements are based on the beliefs,
estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims any intention
or obligation to update or revise any forward
looking statements whether as a result of new information, future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange)
accepts responsibility for the adequacy of accuracy of this release.
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SOURCE
Scottie Resources Corp.
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%SEDAR: 00031828E
For further information:
Additional Information: Brad Rourke, President and CEO, +1 250 877 9902, [email protected]; Gordon
Robb, Business Development / IR, +1 250 217 2321, [email protected]
CO: Scottie Resources Corp.
CNW 07:30e 16-DEC-24