Golden Cross Resources Engages ICP Securities Inc. for Automated Market Making Services
Golden Cross Resources (TSXV: AUX) (OTC Pink: ZCRMD) has engaged ICP Securities Inc. to provide automated market making services starting May 1, 2025. The agreement includes the use of ICP's proprietary algorithm, ICP Premium™, and will run for an initial 4-month term with automatic monthly renewals thereafter. The company will pay ICP a monthly fee of C$7,500 plus taxes. The service aims to correct temporary supply and demand imbalances in Golden Cross's shares, with ICP bearing the costs of buying and selling activities. Either party can terminate the agreement with 30 days notice before the end of any term.
Golden Cross Resources (TSXV: AUX) (OTC Pink: ZCRMD) ha incaricato ICP Securities Inc. di fornire servizi di market making automatizzato a partire dal 1° maggio 2025. L'accordo prevede l'utilizzo dell'algoritmo proprietario di ICP, ICP Premium™, e avrà una durata iniziale di 4 mesi, con rinnovi mensili automatici successivi. La società pagherà a ICP un compenso mensile di 7.500 C$ più tasse. Il servizio mira a correggere squilibri temporanei tra domanda e offerta delle azioni di Golden Cross, con ICP che si farà carico dei costi delle attività di acquisto e vendita. Ciascuna delle parti può recedere dall'accordo con un preavviso di 30 giorni prima della fine di ogni periodo.
Golden Cross Resources (TSXV: AUX) (OTC Pink: ZCRMD) ha contratado a ICP Securities Inc. para proporcionar servicios automatizados de creación de mercado a partir del 1 de mayo de 2025. El acuerdo incluye el uso del algoritmo propietario de ICP, ICP Premium™, y tendrá una duración inicial de 4 meses con renovaciones automáticas mensuales posteriores. La empresa pagará a ICP una tarifa mensual de 7.500 C$ más impuestos. El servicio busca corregir desequilibrios temporales entre la oferta y la demanda de las acciones de Golden Cross, con ICP asumiendo los costos de las operaciones de compra y venta. Cualquiera de las partes puede rescindir el acuerdo con un aviso de 30 días antes del final de cualquier período.
Golden Cross Resources (TSXV: AUX) (OTC Pink: ZCRMD)는 2025년 5월 1일부터 자동 시장 조성 서비스를 제공하기 위해 ICP Securities Inc.와 계약을 체결했습니다. 이 계약은 ICP의 독점 알고리즘인 ICP Premium™의 사용을 포함하며, 초기 4개월 기간 동안 유효하며 이후 매월 자동 갱신됩니다. 회사는 ICP에 매월 7,500 캐나다 달러와 세금을 지불합니다. 이 서비스는 Golden Cross 주식의 일시적인 수요와 공급 불균형을 조정하는 것을 목표로 하며, 매매 활동에 따른 비용은 ICP가 부담합니다. 어느 쪽이든 계약 기간 종료 30일 전에 통지하면 계약을 해지할 수 있습니다.
Golden Cross Resources (TSXV: AUX) (OTC Pink: ZCRMD) a engagé ICP Securities Inc. pour fournir des services de tenue de marché automatisée à partir du 1er mai 2025. L'accord inclut l'utilisation de l'algorithme propriétaire d'ICP, ICP Premium™, et aura une durée initiale de 4 mois avec des renouvellements mensuels automatiques par la suite. La société versera à ICP des frais mensuels de 7 500 C$ plus taxes. Ce service vise à corriger les déséquilibres temporaires entre l'offre et la demande des actions de Golden Cross, ICP assumant les coûts des opérations d'achat et de vente. Chaque partie peut résilier l'accord avec un préavis de 30 jours avant la fin de toute période.
Golden Cross Resources (TSXV: AUX) (OTC Pink: ZCRMD) hat ICP Securities Inc. beauftragt, ab dem 1. Mai 2025 automatisierte Market-Making-Dienste bereitzustellen. Die Vereinbarung beinhaltet die Nutzung von ICPs proprietärem Algorithmus, ICP Premium™, und läuft zunächst über einen Zeitraum von 4 Monaten mit automatischen monatlichen Verlängerungen. Das Unternehmen zahlt ICP eine monatliche Gebühr von 7.500 C$ zuzüglich Steuern. Der Service zielt darauf ab, vorübergehende Ungleichgewichte von Angebot und Nachfrage bei Golden Cross-Aktien auszugleichen, wobei ICP die Kosten für Kauf- und Verkaufsaktivitäten trägt. Jede Partei kann die Vereinbarung mit einer Frist von 30 Tagen vor Ablauf eines jeden Zeitraums kündigen.
- None.
- None.
Vancouver, British Columbia--(Newsfile Corp. - May 1, 2025) - Golden Cross Resources. (TSXV: AUX) (OTC Pink: ZCRMD) (the "Company" or "Golden Cross") 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
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
"Matthew Roma"
Matthew Roma
Director and CEO
For further information contact:
Matt Roma, CEO
+1-778-736-3356
info@goldencrossresources.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/250385
FAQ
What services will ICP Securities provide to Golden Cross Resources (ZCRMD)?
How much will Golden Cross Resources pay ICP Securities for their market making services?
What is the duration of the market making agreement between Golden Cross Resources and ICP Securities?
Are there any performance factors or stock options included in the ICP Securities agreement with Golden Cross?
