Domestic Metals Corp. has announced new initiatives aimed at strengthening its market position. The company has partnered with ICP Securities Inc. to implement automated market-making services, leveraging its proprietary algorithm, ICP Premium™, to ensure compliance with TSX Venture Exchange regulations and relevant laws.
This collaboration aims to address temporary supply and demand imbalances in Domestic Metals’ shares. The agreement commenced on January 23, and lasts for an initial four-month period, with a monthly fee of C$7,500 plus applicable taxes. The terms permit automatic extensions unless either party opts to terminate the arrangement with a 30-day notice.
Details of the engagement with ICP Securities
ICP Securities, an independent market maker, will execute transactions to stabilize the trading of Domestic Metals’ shares. The company states it will cover all associated costs, ensuring no external funding for the market-making process. This strategic partnership is designed to enhance liquidity and foster a more favorable trading environment for investors.
Clarification on Michael Pound’s role
In addition to the market-making agreement, Domestic Metals has clarified the appointment of Michael Pound to its Investor Relations team. With over three decades of experience and a robust network in the small-cap sector, Mr. Pound is expected to play a pivotal role in investor outreach and communication.
Mr. Pound’s agreement, effective from February 17, includes a monthly compensation of C$7,500 plus taxes for a duration of twelve months, which will be automatically renewable thereafter. He has also been granted 500,000 stock options at an exercise price of $0.10, with a gradual vesting schedule allowing one-quarter to vest every four months. Importantly, Mr. Pound is no longer classified as an arm’s length party due to his stock options and his holding of less than 5% of the company.
Upcoming opportunities for investor engagement
Domestic Metals is keen to engage with shareholders and potential investors. The company will participate in two significant events: the Vancouver Resource Investment Conference (VRIC) on January 25-26, at booth #1101, and the Investors Exchange at PDAC from March 1-4, at booth #3139 in Toronto. These events provide a unique opportunity for in-person discussions and detailed updates on the company’s progress and plans.
About ICP Securities Inc.
Founded in, ICP Securities Inc. operates as a CIRO dealer-member based in Toronto. The firm specializes in automated market making and liquidity provision, utilizing its proprietary algorithm to enhance liquidity and quote integrity. With a commitment to effective market structure and execution, ICP has positioned itself as a reliable partner for public issuers and institutional investors.
About Domestic Metals Corp.
Domestic Metals Corp. focuses on mineral exploration, particularly identifying large-scale deposits of copper and gold in historically significant mining regions across the Americas. The company aims to discover new economically viable mineral deposits within areas that have shown promising geological characteristics.
One of its key projects, the Smart Creek Project, is strategically located in Montana, known for its favorable mining conditions. This site boasts rich surface copper mineralization and features multiple exploration targets, including porphyry copper and epithermal gold sites, all supported by geological formations conducive to mineral deposition.
Under the guidance of a seasoned management and technical team, Domestic Metals is well-positioned to advance its exploration initiatives and fulfill its mission of discovering valuable mineral resources.
This collaboration aims to address temporary supply and demand imbalances in Domestic Metals’ shares. The agreement commenced on January 23, and lasts for an initial four-month period, with a monthly fee of C$7,500 plus applicable taxes. The terms permit automatic extensions unless either party opts to terminate the arrangement with a 30-day notice.0
This collaboration aims to address temporary supply and demand imbalances in Domestic Metals’ shares. The agreement commenced on January 23, and lasts for an initial four-month period, with a monthly fee of C$7,500 plus applicable taxes. The terms permit automatic extensions unless either party opts to terminate the arrangement with a 30-day notice.1
This collaboration aims to address temporary supply and demand imbalances in Domestic Metals’ shares. The agreement commenced on January 23, and lasts for an initial four-month period, with a monthly fee of C$7,500 plus applicable taxes. The terms permit automatic extensions unless either party opts to terminate the arrangement with a 30-day notice.2
This collaboration aims to address temporary supply and demand imbalances in Domestic Metals’ shares. The agreement commenced on January 23, and lasts for an initial four-month period, with a monthly fee of C$7,500 plus applicable taxes. The terms permit automatic extensions unless either party opts to terminate the arrangement with a 30-day notice.3
This collaboration aims to address temporary supply and demand imbalances in Domestic Metals’ shares. The agreement commenced on January 23, and lasts for an initial four-month period, with a monthly fee of C$7,500 plus applicable taxes. The terms permit automatic extensions unless either party opts to terminate the arrangement with a 30-day notice.4