Business
Galleon Gold Engages Independent Trading Group as Its Market Maker
Toronto, Ontario--(Newsfile Corp. - March 20, 2023) - Galleon Gold Corp.  (TSXV: GGO) ...
About this update from Galleon Gold Corp
[{"type":"text","content":"Galleon Gold Engages Independent Trading Group as Its Market MakerToronto, Ontario--(Newsfile Corp. - March 20, 2023) - Galleon Gold Corp. (TSXV: GGO) (the \"Company\") announces that, subject to regulatory approval, it has engaged the services of Independent Trading Group (\"ITG\") to provide market-making services in accordance with TSX Venture Exchange policies. ITG will trade shares of the Company on the TSXV and all other trading venues with the objectives of maintaining a reasonable market and improving the liquidity of the Company's common shares.Under the agreement, ITG will receive compensation of $5,000 per month in advance. The agreement is for an initial term of three months and will renew for additional one-month terms unless terminated. The agreement may be terminated by either party with a 30 days' notice. There are no performance factors contained in the agreement and ITG will not receive shares or options as compensation. ITG and the Company are unrelated and unaffiliated entities. About Independent Trading GroupIndependent Trading Group (ITG) Inc. is a Toronto based IIROC dealer-member that specializes in market making, liquidity provision, agency execution, ultra-low latency connectivity, and bespoke algorithmic trading solutions. Established in 1992, with a focus on market structure, execution and trading, ITG 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 Galleon GoldGalleon Gold is an exploration and development company focused on advancing the West Cache Gold Project in Timmins, Ontario. The West Cache Gold Project is located 7 km northeast of Pan American Silver's Timmins West Mine and 14 km southwest of Newmont's Hollinger Mine. A 2022 Preliminary Economic Assessment (PEA) for the project demonstrates strong economics. Detail engineering design and baseline studies in support of a permit application for an underground bulk sample are underway.For further information:Galleon GoldR. David RussellChairman and CEOT. (416) [email protected] RelationsHarbor AccessGraham FarrellT. (416) [email protected] StatementsThis document contains certain forward-looking statements that reflect the current...