Business
Ecolomondo Retains Market Making Services
(via TheNewswire) Montreal - TheNewswire - July 10, 2020 - Ecolom...
About this update from Ecolomondo Corporation
[{"type":"text","content":"Ecolomondo Retains Market Making Services(via TheNewswire)\n \n \nMontreal - TheNewswire - July 10, 2020 - Ecolomondo Corporation (TSXV:ECM) (the \"Company\" or \"Ecolomondo\") is pleased to announce that, subject to regulatory approval, it has retained the market making services of Venture Liquidity Providers Inc. (\"VLP\") to provide assistance in maintaining an orderly trading market for the common shares of the Company posted for listing on the TSX Venture Exchange (the \"TSX-V\"). \n\n\n \nThe market-making service will be undertaken by VLP through a registered broker, W.D. Latimer Co. Ltd., in compliance with the applicable policies of the TSX-V and other applicable laws. For its services, the Company has agreed to pay VLP a fee of five thousand dollars ($5,000) per month for a period of 12 months. The agreement between the Company and VLP may be terminated at any time by the Company or VLP. The Company and VLP act at arm's length, and VLP has no present interest, directly or indirectly, in the Company or its securities. The finances and the shares required for the market-making service are provided by W.D. Latimer. The fee paid by the Company to VLP is for services only. \n\n\n \nAbout Venture Liquidity Providers Inc.\n\n\n \nVLP is a specialized consulting firm based in Toronto providing a variety of services focused on TSX-V listed issuers. \n\n\n \nAbout Ecolomondo Corporation\n\n\n \nEcolomondo is a cleantech Canadian company that is commercializing its waste-to-products technology. The Thermal Decomposition Process (\"TDP\") converts hydrocarbon waste into marketable commodity end-products, namely carbon black substitute, oil, gas and steel. Technologies such as Ecolomondo's are expected to play an important role in resource recovery needed in today's circular economy. \n\n\n \nThe Company's main revenues will come from the sale of TDP turnkey facilities and royalties from their operations. TDP facilities will generate revenues from the sale of end-products, tipping fees and carbon credits. Ecolomondo's first focus is to market TDP turnkey facilities that use scrap tires as a feedstock, because scrap tires yield end-products with a higher commercial value, especially the recycled carbon black.\n\n\n \nManagement believes that technological breakthroughs in areas of emissions, process optimization, automation, end-pro...