Business
Denarius Metals Provides Update on Engagement of a Market Maker
Toronto, Ontario--(Newsfile Corp. - August 24, 2023) - Denarius Metals Corp. (TSXV: DSLV) (OTCQX: DNRSF) ("Denarius Metals" or the "Company") announced today th
About this update from Denarius Metals Corp.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - August 24, 2023) - Denarius Metals Corp. (TSXV: DSLV) (OTCQX: DNRSF) (\"Denarius Metals\" or the \"Company\") announced today that its engagement of ICP Securities Inc. (\"ICP\") to provide market-making services in accordance with TSXV policies has received regulatory approval. ICP is trading shares of the Company on the TSXV and all other trading venues, using its own capital resources to fund the market making activities, with the objective of maintaining a reasonable market and improving the liquidity of the Company's common shares. ICP is a Toronto-based CIRO dealer-member established in 2023 that specializes in market making and liquidity provision, leveraging its own proprietary technology to deliver high quality liquidity provision and execution services to a broad array of public issuers and institutional investors. Under the agreement, ICP is receiving cash compensation of CA$7,500 per month. The agreement is for an initial term of four months 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 ICP will not receive shares or stock options as compensation. ICP does not own any shares of the Company. ICP and the Company are unrelated and unaffiliated entities. About Denarius Metals Denarius Metals is a Canadian junior company engaged in the acquisition, exploration, development and eventual operation of polymetallic mining projects in high-grade districts, with its principal focus on the Lomero Project in Spain. The Company signed a definitive option agreement with Europa Metals Ltd. in November 2022 pursuant to which Europa has granted Denarius Metals two options to acquire up to an 80% ownership interest in the Toral Zn-Pb-Ag Project, Leon Province, Northern Spain. The Company's 100%-owned Zancudo Project in Colombia provides an opportunity to develop near-term production and cash flow through local contract miners and long-term growth through exploration. Additional information on Denarius can be found on its website at www.denariusmetals.com and by reviewing its profile on SEDAR at www.sedarplus.com. Cautionary Statement on Forward-Looking Information Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is...