In a strategic move aimed at fortifying its market presence, Domestic Metals Corp. has entered into a partnership with ICP Securities Inc.. This collaboration is expected to enhance the company’s market making capabilities by leveraging ICP’s advanced algorithm, ICP Premium™. The initiative aligns with the regulations of the TSX Venture Exchange, ensuring compliance with all relevant legislative frameworks.
The partnership began on January 23, , and is set for an initial term of four months.
Domestic Metals will pay a monthly fee of C$7,500 plus applicable taxes. The agreement includes provisions for automatic renewal on a monthly basis, contingent upon a thirty-day written notice of termination from either party.
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Understanding the partnership with ICP Securities
As an independent entity, ICP Securities will primarily address temporary discrepancies in the supply and demand for Domestic Metals’ shares. This role is vital for sustaining a healthy trading environment. Notably, ICP will assume all costs related to its trading activities, ensuring that no external financing is utilized in its market making efforts.
Insights on Michael Pound’s role
Domestic Metals has also clarified the position of Michael Pound, who recently joined the company’s Investor Relations team. With over 30 years of experience in the market, Mr. Pound brings extensive expertise and a strong network within the small-cap investment community. His primary focus will be on enhancing investor outreach and providing vital communication services to shareholders.
Mr. Pound’s agreement includes a monthly salary of C$7,500 plus taxes, with a contract duration of twelve months. This agreement will automatically renew unless terminated. Additionally, he has been granted 500,000 stock options at an exercise price of $0.10, with a vesting schedule allowing for one-quarter of the options to vest every four months. It is significant to note that Mr. Pound is now considered a less than 5% shareholder in the company, modifying his previous arm’s length status.
Upcoming events for investor engagement
Domestic Metals is keen to connect with its investors and supporters, offering updates and engaging discussions at upcoming events. Attendees can meet the management team at booth #1101 during the VRIC in Vancouver from January 25-26, , as well as at booth #3139 during the Investors Exchange at the PDAC, scheduled for March 1-4, , in Toronto.
About ICP Securities Inc.
Founded in , ICP Securities is a Toronto-based dealer-member of CIRO that specializes in providing automated market making and liquidity services. Their proprietary technology, ICP Premium™, is designed to improve market liquidity and enhance the quality of trading execution for various public issuers and institutional investors.
About Domestic Metals Corp.
Domestic Metals Corp. is dedicated to exploring mineral resources, with a particular focus on identifying significant deposits of copper and gold in historically rich mining regions across the Americas. The company actively seeks new economic mineral discoveries in areas exhibiting geological promise, supported by historical exploration data.
Among its notable projects, the Smart Creek Project in Montana stands out, showcasing extensive copper mineralization and multiple attractive exploration targets. This strategic positioning underlines the company’s commitment to responsible exploration in mining-friendly jurisdictions.
Supported by a seasoned management team with a proven track record in mine discovery and development, Domestic Metals is well-positioned to navigate the complexities of the mining sector while delivering value to its shareholders.
