Golden Cross Resources Engages ICP Securities Inc. for Automated Market Making Services

Rhea-AI Summary

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.

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$7,500, plus applicable taxes. The agreement between the Company and ICP was signed with a start date of May 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

"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)?

ICP Securities will provide automated market making services using their proprietary algorithm ICP Premium™ to correct temporary imbalances in the supply and demand of Golden Cross Resources shares.

How much will Golden Cross Resources pay ICP Securities for their market making services?

Golden Cross Resources will pay ICP Securities a monthly fee of C$7,500 plus applicable taxes.

What is the duration of the market making agreement between Golden Cross Resources and ICP Securities?

The agreement has an initial term of 4 months starting May 1, 2025, with automatic monthly renewals unless either party provides 30 days written notice of termination.

Are there any performance factors or stock options included in the ICP Securities agreement with Golden Cross?

No, the agreement does not include any performance factors, stock options, or other compensation beyond the monthly fee.