Domestic Metals Corp. is taking proactive steps to enhance its market presence and investor relations by partnering with ICP Securities Inc. This engagement aims to utilize advanced automated trading solutions to ensure better liquidity for the company’s shares. The agreement, which is effective from January 23, outlines the terms of this collaboration, including a monthly fee for the services rendered by ICP.
This partnership is crucial for Domestic Metals as it seeks to navigate the complexities of market dynamics, particularly in the volatile landscape of mineral exploration.
By employing ICP’s proprietary algorithm, known as ICP Premium™, the company aims to stabilize share prices and address any temporary imbalances between supply and demand.
Table of Contents:
Details of the Engagement with ICP Securities
Under the terms of the agreement, Domestic Metals will compensate ICP Securities with a monthly fee of C$7,500, excluding taxes. This contract spans an initial term of four months, with provisions for automatic renewal on a month-to-month basis unless either party opts out with a 30-day written notice.
It is noteworthy that there are no performance-related stipulations tied to this agreement, and ICP will bear all costs associated with trading activities. This strategic move is expected to enhance the overall market environment for Domestic Metals, allowing for more efficient trading and potentially attracting new investors.
Clarification on Michael Pound’s Role
In conjunction with these developments, Domestic Metals also provided clarity regarding the role of Michael Pound within the company. Previously announced on December 11, Pound has joined the Investor Relations team, bringing over 30 years of market experience and a robust network within the small-cap investment community.
His responsibilities will focus on enhancing outreach to investors, providing shareholder communication services, and facilitating corporate communications. As part of his compensation, Pound will receive a monthly fee of C$7,500 plus taxes, and he has been granted 500,000 stock options with an exercise price of $0.10. However, it is important to note that he is now considered to be at a closer relationship with the company, as he holds stock options and is a minor shareholder.
Upcoming Investor Engagement Opportunities
Domestic Metals is keen on maintaining open lines of communication with its shareholders and potential investors. The company is scheduled to participate in several key events where stakeholders can meet the management team. Notably, they will have a presence at booth #1101 during the VRIC in Vancouver on January 25-26, and booth #3139 at the Investors Exchange at PDAC, taking place from March 1-4, in Toronto.
About ICP Securities Inc.
Founded in, ICP Securities Inc. is a Toronto-based dealer-member of CIRO, specializing in automated market making and liquidity provision. The company utilizes its proprietary technology, ICP Premium™, to deliver superior liquidity and trading services to a diverse range of public issuers and institutional investors.
ICP’s approach combines market structure expertise with advanced execution capabilities to enhance quote health and overall liquidity, positioning them as a valuable partner for companies like Domestic Metals.
About Domestic Metals Corp.
Domestic Metals Corp. is dedicated to mineral exploration, with an emphasis on discovering significant copper and gold deposits in historically rich mining regions across the Americas. The company aims to uncover new, economically viable mineral deposits in areas with a proven track record of mineralization.
One of its key projects, the Smart Creek Project, is located in a mining-friendly area of Montana, showcasing extensive copper mineralization at the surface. This project hosts multiple promising exploration targets, including porphyry copper and epithermal gold, all situated in geologically favorable terrains.
Guided by a seasoned management and technical team, Domestic Metals is well-equipped to leverage its expertise in mine discovery and development, along with effective financing strategies.
For further inquiries, stakeholders can reach out to Gord Neal, CEO, at (604) 657-7813, or Michael Pound at (604) 363-2885. More information can also be found on the company’s official website.
