In a significant development for investors and stakeholders, Domestic Metals Corp. has announced its collaboration with ICP Securities Inc.. This partnership aims to enhance the company’s liquidity through automated market-making services, utilizing ICP’s proprietary algorithm, ICP Premium™. The arrangement complies with the regulations of the TSX Venture Exchange, ensuring adherence while striving to stabilize the market for Domestic Metals’ shares.
Under the terms of the agreement, effective January 23, Domestic Metals will pay ICP a monthly fee of C$7,500, excluding applicable taxes.
This initial contract spans four months, with an automatic renewal clause for additional month-to-month terms unless either party issues a formal termination notice. Importantly, this partnership does not include performance-based incentives or stock options, providing clarity in the financial arrangement.
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Understanding the role of ICP Securities
ICP Securities operates as an arm’s length entity from Domestic Metals, which is crucial for maintaining transparency and independence in market activities. The primary focus of their market-making role is to swiftly correct imbalances in supply and demand for Domestic Metals’ shares, thereby enhancing market efficiency. Notably, ICP will cover all associated costs arising from the buying and selling of shares without relying on third-party funding.
Michael Pound’s role in investor relations
In addition to the partnership with ICP, Domestic Metals has updated its investor relations strategy by engaging Michael Pound. He brings over three decades of experience in the market, complemented by a robust network in the small-cap sector. His responsibilities will focus on cultivating relationships with investors and facilitating communication between shareholders and the company.
The engagement agreement with Pound, effective February 17, includes a monthly compensation of C$7,500 plus taxes. This arrangement spans twelve months and includes a provision for automatic renewal unless terminated in accordance with the agreement’s terms. Furthermore, Pound has been granted 500,000 stock options at an exercise price of $0.10, with a vesting schedule allowing for a quarter of the options to vest every four months. It is important to note that Pound is now considered less than at arm’s length with the company due to his stock options and ownership of less than 5% of the company’s shares.
Investor engagement opportunities
Domestic Metals is eager to connect with its shareholders and supporters, providing opportunities for personal interaction and updates. The company will participate in several upcoming events, including booth #1101 at the Vancouver Resource Investment Conference (VRIC) on January 25-26, and booth #3139 at the Investors Exchange at PDAC from March 1-4, in Toronto. These engagements will serve as platforms to discuss developments and gather feedback from the investment community.
About ICP Securities Inc.
Founded in, ICP Securities operates as a CIRO dealer-member based in Toronto, specializing in automated market making and liquidity provision. Their proprietary algorithm, ICP Premium™, is designed to improve liquidity quality and enhance market quote health. ICP has positioned itself to offer high-quality execution services to a diverse range of public issuers and institutional investors, focusing on market structure and trading efficiency.
About Domestic Metals Corp.
Domestic Metals Corp. is dedicated to exploring significant copper and gold deposits across historically rich mining areas in the Americas. The company aims to discover economically viable mineral deposits in regions with a history of exploration, targeting areas with promising geological features indicated by past drilling and sampling results.
One of the standout projects is the Smart Creek Project, located in Montana, which boasts extensive copper mineralization. The project features four compelling exploration targets, including porphyry copper, epithermal gold, and exotic copper targets, all situated in favorable geological formations.
With a leadership team rich in experience and technical expertise, Domestic Metals is well-equipped to navigate the challenges of mineral exploration and development.
Under the terms of the agreement, effective January 23, Domestic Metals will pay ICP a monthly fee of C$7,500, excluding applicable taxes. This initial contract spans four months, with an automatic renewal clause for additional month-to-month terms unless either party issues a formal termination notice. Importantly, this partnership does not include performance-based incentives or stock options, providing clarity in the financial arrangement.0
Under the terms of the agreement, effective January 23, Domestic Metals will pay ICP a monthly fee of C$7,500, excluding applicable taxes. This initial contract spans four months, with an automatic renewal clause for additional month-to-month terms unless either party issues a formal termination notice. Importantly, this partnership does not include performance-based incentives or stock options, providing clarity in the financial arrangement.1
