Business
FPX Nickel Engages ICP Securities for Automated Market Making Services
FPX Nickel Engages ICP Securities for Automated Market Making Services Canada NewsWire ...
About this update from Fpx Nickel Corp
[{"type":"text","content":"\n\n\n\n FPX Nickel Engages ICP Securities for Automated Market Making Services\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n Aug. 1, 2024\n \n\n /CNW/ - FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (\"\n \n FPX Nickel\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that it has engaged the services of ICP Securities Inc. (\"\n \n ICP\n \n \") to provide market making services (the \"Services\"), including use of its proprietary algorithm, ICP Premium\n \n TM\n \n , in compliance with the policies and guidelines of the TSX Venture Exchange (the \"\n \n Exchange\n \n \") and other applicable legislation.\n \n\n\n\n\n\n\n\n\n Pursuant to the market-making agreement (the \"\n \n Agreement\n \n \") entered into between the Company and ICP, in exchange for providing the Services, ICP will receive a fee of\n \n C$7,500\n \n plus applicable taxes per month, payable monthly in advance, to be paid from funds the Company has allocated from its current working capital. The Agreement is for an initial term of four (4) months (the \"\n \n Initial Term\n \n \") and shall be automatically renewed for subsequent one (1) month terms (each subsequent one-month term called an \"\n \n Additional Term\n \n \") 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. ICP does not have any interest, directly or indirectly, in FPX Nickel 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. There are no performance factors contained in the agreement and no stock options or other compensation are being granted in connection with the engagement.\n \n\n 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 ...