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Domestic Metals Corp. partners with ICP Securities
Domestic Metals Corp. has announced a strategic partnership with ICP Securities Inc. to enhance its trading operations. This collaboration focuses on utilizing advanced automated market making services, aimed at improving the liquidity of the company’s shares.
By integrating ICP’s proprietary algorithm, known as ICP Premium™, Domestic Metals seeks to align its trading strategies with the regulations established by the TSX Venture Exchange and relevant legal frameworks.
This move is expected to bolster the company’s position in the market, catering to the growing needs of investors.
Engagement details with ICP Securities
Domestic Metals will pay a monthly fee of C$7,500 plus applicable taxes to ICP Securities as part of their strategic partnership. The initial contract, which began on January 23, , lasts for four months and includes automatic renewals for one-month terms unless a written notice is provided 30 days before the end of the current term. Importantly, this agreement does not include performance metrics or stock options for ICP, although they may acquire shares in Domestic Metals through future transactions.
Understanding the role of market-making
ICP Securities operates as an independent entity concerning Domestic Metals. The primary objective of their market-making activities is to manage temporary fluctuations in the supply and demand for the company’s shares. ICP will independently oversee its operational expenses related to trading, ensuring that these activities do not rely on external funding.
Clarification on Michael Pound’s role
Domestic Metals has provided clarification regarding the involvement of Michael Pound in its investor relations team. Pound, who has over three decades of experience in the market, brings a wealth of knowledge and extensive connections within the small-cap sector. His primary responsibilities will include outreach to investors and enhancing communication strategies for shareholders.
Under the terms of his engagement, Pound will receive a monthly cash compensation of C$7,500 plus taxes. This agreement extends for 12 months and includes automatic yearly renewals unless terminated according to the contract terms.
Stock options and shareholder status
Domestic Metals has granted Michael Pound 500,000 options with an exercise price of $0.10, vesting over a five-year period. However, his status has changed; he is no longer considered an arm’s length party. This is due to his stock options and ownership of less than 5% of the company’s shares, which reflects a shift in his relationship with Domestic Metals.
Upcoming opportunities for investor engagement
Domestic Metals aims to strengthen its connections with stakeholders and the broader investment community. The company will participate in key industry events, showcasing its commitment to transparency and engagement. It will have a presence at booth #1101 during the Vancouver Resource Investment Conference on January 25-26, , and at booth #3139 at the Investors Exchange during PDAC from March 1-4, . These events offer management a chance to engage directly with investors and share insights into the company’s strategic direction.
About ICP Securities
Founded in , ICP Securities Inc. is a Toronto-based firm specializing in automated market making and liquidity solutions. The company utilizes its proprietary technology, notably the ICP Premium™ algorithm, to enhance liquidity and support effective trading operations for various public companies and institutional investors.
About Domestic Metals Corp.
Domestic Metals Corp. focuses on exploring mineral resources, specifically targeting large copper and gold deposits in historically significant mining regions throughout the Americas. The company seeks to identify new economic mineral prospects in areas with favorable geological conditions, as indicated by previous exploration efforts.
A prominent initiative is the Smart Creek Project, located in Montana, renowned for its favorable mining environment. This project highlights extensive copper mineralization and offers several exploration targets, including porphyry copper and epithermal gold, positioning it as a promising opportunity for the company.
The management team at Domestic Metals comprises experienced professionals with a strong track record in mineral discovery and development. Their expertise ensures a rigorous approach toward achieving exploration objectives.
For further information, please contact Gord Neal, CEO and Director, at (604) 657-7813, or reach out to Michael Pound at (604) 363-2885. Additional details are available at www.domesticmetals.com.
