Business
Archer Exploration Engages Generation IACP to Provide Market Making Services
VANCOUVER, BC, Sept. 11, 2023 /CNW/ - Archer Exploration Corp. (CSE: RCHR) (OTCQB: RCHRF) (FSE: 6YR0) (the "Company" or "Archer") is pleased to announce that it
About this update from Northx Nickel Corp.
[{"type":"text","content":" VANCOUVER, BC, Sept. 11, 2023 /CNW/ - Archer Exploration Corp. (CSE: RCHR) (OTCQB: RCHRF) (FSE: 6YR0) (the \"Company\" or \"Archer\") is pleased to announce that it has engaged Generation IACP Inc. (\"IACP\") to provide services as a market maker in compliance with the policies and guidelines of the Canadian Securities Exchange and other applicable legislation. IACP will receive a fee of C$7,500 plus applicable taxes per month. The agreement between the Company and Generation is for an initial term of seven (7) months and shall be automatically renewed for subsequent six (6) month periods (collectively, the \"Term\") unless the Company provides written notice of termination to IACP at least 30 days prior to the end of the Term or IACP provides a written notice of termination to the Company. Commencing on the first anniversary of the agreement, the fee payable to Generation will automatically increase annually by 3%. No stock options or other compensation are being granted in connection with the engagement. IACP does not currently own any securities of the Company; however, IACP and its clients may acquire an interest in the securities of the Company in the future. IACP is an arm's length party to the Company. IACP's market making activity will be primarily to correct temporary imbalances in the supply and demand of the Company's shares. IACP 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 Generation IACP Inc. IACP is based in Toronto, Ontario, and is an independently held and registered broker and member of the Investment Industry Regulatory Organization of Canada, the TSX-V, the Canadian Securities Exchange, and the NEO Exchange, and is a Participating Organization, as such term is defined in the rules and policies of the Toronto Stock Exchange. About Archer Archer Exploration is a Canadian Ni-Cu-Co-PGE focused exploration and development company with an extensive portfolio of assets in Quebec and Ontario, Canada. The Company's flagship asset is the Grasset Project, located within the Abitibi Greenstone Belt, with an Indicated Resource of 5.5 Mt @ 1.53% NiEq. In addition, the Company holds a portfolio of 37 properties and over 300 km2 in the world-class mining di...