Great Pacific Gold Corp. Engages ICP Securities Inc. for Automated Market Making Services
Great Pacific Gold has partnered with ICP Securities for automated market making services. The agreement, starting April 30, 2025, includes the use of ICP's proprietary algorithm, ICP Premium™, and will run for an initial four-month term with automatic monthly renewals thereafter.
The company will pay a monthly fee of C$7,500 plus taxes for these services. Either party can terminate the agreement with 30 days' notice. The arrangement focuses on correcting temporary supply and demand imbalances in GPAC's shares, with ICP bearing all trading costs.
No performance factors, stock options, or additional compensation are included in the agreement. While ICP and its clients may acquire company securities in the future, they currently hold no positions in Great Pacific Gold.
Great Pacific Gold ha stretto una collaborazione con ICP Securities per servizi di market making automatizzato. L'accordo, che avrà inizio il 30 aprile 2025, prevede l'utilizzo dell'algoritmo proprietario di ICP, ICP Premium™, e avrà una durata iniziale di quattro mesi con rinnovi automatici mensili successivi.
La società corrisponderà un compenso mensile di 7.500 C$ più tasse per questi servizi. Ciascuna delle parti potrà recedere dall'accordo con un preavviso di 30 giorni. L'accordo si concentra sulla correzione di squilibri temporanei tra domanda e offerta delle azioni GPAC, con ICP che si farà carico di tutti i costi di trading.
Non sono previsti fattori di performance, stock option o compensi aggiuntivi nell'accordo. Sebbene ICP e i suoi clienti possano acquisire titoli della società in futuro, attualmente non detengono posizioni in Great Pacific Gold.
Great Pacific Gold ha establecido una colaboración con ICP Securities para servicios de creación de mercado automatizada. El acuerdo, que comienza el 30 de abril de 2025, incluye el uso del algoritmo propietario de ICP, ICP Premium™, y tendrá una duración inicial de cuatro meses con renovaciones automáticas mensuales posteriores.
La empresa pagará una tarifa mensual de 7,500 C$ más impuestos por estos servicios. Cualquiera de las partes puede rescindir el acuerdo con un aviso previo de 30 días. El convenio se centra en corregir desequilibrios temporales entre la oferta y la demanda de las acciones de GPAC, con ICP asumiendo todos los costos de negociación.
No se incluyen factores de rendimiento, opciones sobre acciones ni compensaciones adicionales en el acuerdo. Aunque ICP y sus clientes podrían adquirir valores de la empresa en el futuro, actualmente no poseen posiciones en Great Pacific Gold.
Great Pacific Gold는 ICP Securities와 자동화된 시장 조성 서비스 계약을 체결했습니다. 이 계약은 2025년 4월 30일부터 시작되며, ICP의 독자 알고리즘인 ICP Premium™을 사용하며 초기 4개월간 유효하고 이후 매월 자동 갱신됩니다.
회사는 이 서비스에 대해 월 C$7,500(세금 별도)의 수수료를 지급합니다. 어느 한 쪽도 30일 사전 통지로 계약을 해지할 수 있습니다. 이 계약은 GPAC 주식의 일시적인 수요와 공급 불균형을 조정하는 데 중점을 두며, ICP가 모든 거래 비용을 부담합니다.
계약에는 성과 요소, 스톡 옵션 또는 추가 보상이 포함되어 있지 않습니다. ICP와 그 고객이 앞으로 회사 증권을 취득할 수는 있지만, 현재는 Great Pacific Gold의 지분을 보유하고 있지 않습니다.
Great Pacific Gold a conclu un partenariat avec ICP Securities pour des services de market making automatisés. L'accord, débutant le 30 avril 2025, inclut l'utilisation de l'algorithme propriétaire d'ICP, ICP Premium™, et s'étendra initialement sur une période de quatre mois avec des renouvellements mensuels automatiques par la suite.
La société versera des frais mensuels de 7 500 C$ hors taxes pour ces services. Chaque partie peut résilier l'accord avec un préavis de 30 jours. L'arrangement vise à corriger les déséquilibres temporaires entre l'offre et la demande des actions GPAC, ICP assumant tous les coûts de trading.
Aucun facteur de performance, option d'achat d'actions ou compensation supplémentaire n'est inclus dans l'accord. Bien qu'ICP et ses clients puissent acquérir des titres de la société à l'avenir, ils ne détiennent actuellement aucune position dans Great Pacific Gold.
Great Pacific Gold hat eine Partnerschaft mit ICP Securities für automatisierte Market-Making-Dienste geschlossen. Die Vereinbarung beginnt am 30. April 2025 und umfasst die Nutzung von ICPs eigenem Algorithmus, ICP Premium™, mit einer anfänglichen Laufzeit von vier Monaten und anschließenden automatischen monatlichen Verlängerungen.
Das Unternehmen zahlt eine monatliche Gebühr von 7.500 C$ zuzüglich Steuern für diese Dienste. Beide Parteien können den Vertrag mit einer Frist von 30 Tagen kündigen. Die Vereinbarung konzentriert sich darauf, vorübergehende Ungleichgewichte zwischen Angebot und Nachfrage der GPAC-Aktien auszugleichen, wobei ICP alle Handelskosten trägt.
Leistungsabhängige Faktoren, Aktienoptionen oder zusätzliche Vergütungen sind in der Vereinbarung nicht enthalten. Obwohl ICP und seine Kunden in Zukunft Unternehmenswerte erwerben können, halten sie derzeit keine Positionen an Great Pacific Gold.
- Engagement of automated market making services to improve stock liquidity
- No stock options or additional compensation required beyond monthly fee
- Market maker will correct supply-demand imbalances at their own cost
- Additional monthly expense of C$7,500 plus taxes for market making services
- Short initial contract term of only 4 months
Vancouver, British Columbia--(Newsfile Corp. - April 30, 2025) - Great Pacific Gold Corp. (TSXV: GPAC) (OTCQX: FSXLF) (FSE: V3H) ("Great Pacific Gold," "GPAC," or the "Company") 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 Exchange and other applicable legislation. ICP will be paid a monthly fee of C
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 public issuers and institutional investors.
On behalf of Great Pacific Gold:
Greg McCunn
Chief Executive Officer and Director
For further information visit gpacgold.com or contact:
Investor Relations
Phone +1-778-262-2331
Email: info@gpacgold.com
About Great Pacific Gold
Great Pacific Gold has a portfolio of exploration-stage projects in Papua New Guinea ("PNG") and Australia. The Company is focused on developing gold-copper resources from its highly prospective land packages. Its projects include:
- Kesar Project: located in the Eastern Highlands province of PNG and contiguous with the mine tenements of K92 Mining Inc. ("K92"), the Kesar Project is a greenfield exploration project with several high-priority targets in close proximity to the property boundary with K92. Multiple epithermal veins at Kesar are on strike and have the same orientation as key K92 deposits, such as Kora. Exploration work to date by the Company at the Kesar Project has shown that these veins have high grades of gold present in outcrop and very elevated gold in soil grades, coincident with aeromagnetic highs. The Company is carrying out an ongoing diamond drill program on key target areas at the Kesar Project.
- Wild Dog Project: located in the East New Britain province of PNG, the Wild Dog Project is a brownfield exploration project with a history of small-scale gold mining. The Wild Dog Project contains numerous epithermal and porphyry hydrothermal-magmatic targets evidenced by previous exploration and operations. The Company completed a road refurbishment in August 2024 and access to the project has been established for baseline environmental and exploration work.
- Arau Project: located in the Eastern Highlands province of PNG, the Arau Project contains the highly prospective Mt. Victor exploration target with potential for a high sulphidation epithermal gold-base metal deposit. A Phase 1 Reverse Circulation drilling program was completed at Mt. Victor in August 2024, with results pending. The Arau Project includes the Elandora licence, which also contains various epithermal and copper-gold porphyry targets.
- Lauriston Gold Project: located in the state of Victoria, Australia, the Lauriston Gold Project is located on the southern extension of the Fosterville Goldfield Belt and is adjacent to Agnico Eagle's extensive Fosterville tenements and mine operations. The Lauriston Gold Project contains the Comet-Trojan target, a 4.5km long epizonal orogenic system. The discovery hole at Comet intersected 8m at 105 g/t gold, and a follow-up drilling program was completed in Q3 2024. The Company is consolidating its information on the Lauriston Gold Project and is evaluating strategic alternatives for value creation.
- Walhalla Gold Belt Project: located in the state of Victoria, Australia, the Walhalla Gold Belt Project consists of over 1,400 km2 of concessions, including the numerous historical mining operations and the recently acquired Woods Point land package. The Walhalla Gold Belt Project contains a high-priority greenfield target called Pinnacles. Extensive soil geochemistry has highlighted a 400m x 1,100m gold mineralized aplitic dyke which contains disseminated sulphides and outcrops at surface. The Pinnacles target is fully permitted and ready for drilling.
The Company also holds the Tinga Valley Project in PNG.
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Great Pacific Gold cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by many material factors, many of which are beyond their respective control. Such factors include, among other things: risks and uncertainties relating to Great Pacific Gold's limited operating history, its exploration and development activities on its mineral properties and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Great Pacific Gold does not undertake to publicly update or revise forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250362
FAQ
What market making services will ICP provide to Great Pacific Gold (FSXLF) starting April 30, 2025?
How much will Great Pacific Gold pay ICP Securities for market making services?
What is the duration of the market making agreement between FSXLF and ICP Securities?
Are there any performance incentives or stock options in the FSXLF market making agreement?
Who is responsible for the costs of buying and selling FSXLF shares in this market making arrangement?
