Gladiator Metals Engages ICP Securities Inc. for Automated Market Making Services

Rhea-AI Summary

Gladiator Metals Corp. (TSXV: GLAD) (OTCQB: GDTRF) has announced the engagement of ICP Securities Inc. for automated market making services. The agreement, effective April 1, 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 ICP a monthly fee of C$7,500 plus applicable taxes. Either party can terminate the agreement with 30 days written notice. The arrangement excludes performance factors, stock options, or additional compensation. ICP's primary role will be to address temporary supply and demand imbalances in Gladiator's shares, with ICP bearing the costs of buying and selling the company's shares.

Positive

• Engagement of professional market maker could improve stock liquidity

Negative

• Additional monthly expense of C$7,500 plus taxes

Vancouver, British Columbia--(Newsfile Corp. - April 1, 2025) - Gladiator Metals Corp. (TSXV: GLAD) (OTCQB: GDTRF) (FSE: ZX7) (the "Company" or "Gladiator"), is pleased to announce 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 Exchange and other applicable legislation. ICP will be paid a monthly fee of C$7,500, plus applicable taxes. The agreement between the Company and ICP was signed with a start date of April 1, 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. 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 public issuers and institutional investors.

ON BEHALF OF THE BOARD

"Jason Bontempo"
Jason Bontempo
Director and CEO

For further information contact:
Caitlin Cheadle, Investor Relations
+1-778-403-5139
ccheadle@gladiatormetals.com

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/246865

FAQ

What is the cost of ICP Securities' market making services for GDTRF?

Gladiator Metals will pay ICP Securities a monthly fee of C$7,500 plus applicable taxes for their automated market making services.

How long is GDTRF's market making agreement with ICP Securities?

The agreement has an initial term of 4 months starting April 1, 2025, with automatic monthly renewals unless 30 days notice is given by either party.

What services will ICP Securities provide to GDTRF?

ICP Securities will provide automated market making services using their proprietary ICP Premium™ algorithm to correct temporary imbalances in supply and demand of Gladiator's shares.

Are there any performance incentives in GDTRF's agreement with ICP Securities?

No, the agreement contains no performance factors, stock options, or additional compensation beyond the monthly fee.