Business
Magma Silver Announces Engagement of Market Maker and Grants Stock Options
Vancouver, British Columbia--(Newsfile Corp. - May 6, 2025) -  Magma Silver Corp. (TSXV: MGM...
About this update from Magma Silver Corp.
[{"type":"text","content":"Magma Silver Announces Engagement of Market Maker and Grants Stock OptionsVancouver, British Columbia--(Newsfile Corp. - May 6, 2025) -  Magma Silver Corp. (TSXV: MGMA) (FSE: BC2) (WKN: A3DEJG) (\"Magma\" or the \"Company\"), announces that, pursuant to an agreement dated May 6, 2025, subject to regulatory approval, it has engaged Independent Trading Group (ITG), Inc. (\"ITG\") to provide market-making services with the objective of maintaining a reasonable market and improving the liquidity of the Company's common shares, in accordance with TSX Venture Exchange policies.Under the agreement, the Company will pay ITG compensation of CAD $5,500 per month, payable monthly in advance. The agreement is for an initial term of one month and will be renewed for subsequent additional one-month terms until terminated. There are no performance factors contained in the agreement and ITG will not receive shares, options or any other securities of the Company as compensation. ITG and the Company are at arm's length and are unrelated and unaffiliated entities, and at the time of the agreement, neither ITG nor its principals have an interest, directly or indirectly, in the securities of the Company.Stock OptionsThe Company also announces the grant of 1,000,000 incentive stock options (the \"Options\") to certain directors, officers, consultants, and employees pursuant to the Company's Stock Option Plan. The Options are exercisable for a period of five years at a price of CAD$ 0.155.About Magma Silver Corp.Magma Silver Corp. is a natural resource company with a focus on the acquisition, exploration, development, and operation of precious metal mining exploration projects. The Company's primary focus will be on exploring and developing the advanced Niñobamba silver gold project in the mining supportive country of Peru.For further information, please contact Magma Silver Corp.: Stephen Barley, Executive Chairman Jason Baker, Chief Financial Officer Phone: +1-604-252-2672 Email: [email protected] Website: www.magmasilver.comCAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATIONThis news release contains certain statements that may constitute forward-looking information under applicable securities laws. All statements, other than those of historical fact, which address activities, events, outcomes, results, developments, performance or a...