Business
Dolly Varden Silver Engages ICP Securities Inc. for Automated Market Making Services
Vancouver, British Columbia--(Newsfile Corp. - April 4, 2025) - Dolly Varden Silver Corporation (...
About this update from Dolly Varden Silver Corporation
[{"type":"text","content":"Dolly Varden Silver Engages ICP Securities Inc. for Automated Market Making ServicesVancouver, British Columbia--(Newsfile Corp. - April 4, 2025) - Dolly Varden Silver Corporation (TSXV: DV) (OTCX: DOLLF) (FSE: DVQ1) (the \"Company\" or \"Dolly Varden\") announces that it has engaged the services of ICP Securities Inc. (\"ICP\") to provide automated market making services, including use of its proprietary algorithm, ICP Premium™, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. ICP will be paid a monthly fee of C$7,500, plus applicable taxes, payable monthly in advance. The agreement between the Company and ICP was signed with a start date of April 4, 2025, and is for four (4) months (the \"Initial Term\") and shall be automatically renewed for subsequent one (1) month terms (each month called an \"Additional Term\") 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 the Company 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 in connection with the engagement. ICP and its clients may acquire an interest in the securities of the Company in the future.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 the Company's shares, and no third party will be providing funds or securities for the market making activities.About ICP Securities Inc.ICP Securities Inc. is a Toronto based CIRO dealer-member that specializes in automated market making and liquidity provision, as well as having a proprietary market making algorithm, ICP Premium™, that enhances liquidity and quote health. Established in 2023, with a focus on market structure, execution, and trading, ICP has leveraged its own proprietary technology to deliver high quality liquidity provision and execution services to a broad array of pub...