Business
Forte Minerals Engages ITG as Market Maker to Enhance Trading Liquidity
VANCOUVER, BC, May 1, 2023 /CNW/ - Forte Minerals Corp. ("Forte" or the "Company") (CSE: CUAU) (OTCQB: FOMNF) (Frankfurt: 2OA) is pleased to announce that it ha
About this update from Forte Minerals Corp.
[{"type":"text","content":" VANCOUVER, BC, May 1, 2023 /CNW/ - Forte Minerals Corp. (\"Forte\" or the \"Company\") (CSE: CUAU) (OTCQB: FOMNF) (Frankfurt: 2OA) is pleased to announce that it has engaged Independent Trading Group (\"ITG\") to provide market-making services in accordance with the Canadian Securities Exchange (\"CSE\") policies. ITG will be responsible for trading shares of the Company on the CSE and other trading venues to help maintain a reasonable market and enhance the liquidity of the Company's common shares. Under the agreement, ITG will receive CAD$6,000 per month, payable monthly in advance. The contract is on a month-to-month term and automatically renews unless terminated by either party with 30 days' notice. There are no performance factors in the contract, and ITG will not receive shares or options as compensation. At the time of the agreement, neither ITG nor its principals have an interest, directly or indirectly, in the securities of the Company. \"Engaging ITG as our market maker is an important step for Forte as we seek to enhance the liquidity and trading of our common shares.\" said Patrick Elliott, President & CEO About ITG Independent Trading Group Inc. is a Toronto-based IIROC dealer-member specializing in market making, liquidity provision, agency execution, ultra-low latency connectivity, and bespoke algorithmic trading solutions. Established in 1992, ITG has leveraged its proprietary technology to deliver high-quality liquidity provision and execution services to various public issuers and institutional investors. About Forte Forte Minerals Corp. is a copper and gold exploration company focused on acquiring, exploring, discovering, and developing projects in Peru. The Company aims to generate significant value growth by moving quickly along the line of opportunity, from early-stage exploration towards resource definition and target development, while eliminating early-stage grassroots risk. Forte Minerals has three properties that offer this opportunity, with tremendous upside considering their geological potential. On behalf of FORTE MINERALS CORP.(signed) \"Patrick Elliott\" Chief Executive Officer Certain statements included in this press release constitute forward-looking information or statements (collectively, \"forward-looking statements\"), including those identified by the expressions \"anticipa...