NexGold Partners with ICP Securities for Enhanced Trading Services
NexGold Mining Corp. (TSXV: NEXG; OTCQX: NXGCF) has taken a significant step to improve its trading operations by engaging the services of ICP Securities Inc. This collaboration aims to enhance market making efforts through ICP's proprietary algorithm, ICP Premium™, conforming with TSX Venture Exchange regulations and relevant legislation.
Details of the Engagement
The deal, recently finalized, includes a monthly compensation of $7,500 plus applicable taxes, and serves as an agreement for an initial term of four months. The arrangement is designed to automatically renew for one-month terms thereafter, unless either party provides a written notice at least 30 days before the end of the current term.
Under this agreement, there are no performance factors involved and no stock options are granted as compensation. ICP Securities, an independent entity, will assume responsibility for costs incurred in trading NexGold's shares, working mainly to adjust supply and demand fluctuations in the market.
About ICP Securities
Founded in 2023, ICP Securities Inc. is headquartered in Toronto and is a CIRO dealer-member specializing in automated market making. The firm excels in providing liquidity and making use of advanced technology to ensure efficient trade execution. Their innovative approach is particularly beneficial for a diverse clientele, encompassing public companies and institutional investors alike.
NexGold’s Strategic Vision
NexGold Mining Corp. is dedicated to gold extraction, maintaining valuable assets primarily located in Canada and Alaska. The company boasts a well-regarded portfolio including the Goliath Gold Complex, which features prominent deposits such as Goliath, Goldlund, and Miller, situated in Northwestern Ontario. It also governs the Goldboro Gold Project in Nova Scotia as well as additional projects across Canada, like the Weebigee-Sandy Lake Gold Project JV and the grassroots Gold Rock exploration property.
Furthermore, NexGold proudly owns the high-grade Niblack copper-gold-zinc-silver VMS project, which is conveniently located near tidewater in southeast Alaska. The company emphasizes the importance of community engagement and upholding sustainable practices, fostering meaningful dialogue with Indigenous Nations and regional communities throughout all project phases.
For those interested in further information, NexGold's Prefeasibility and Feasibility studies for its key projects are available on their industry profile, ensuring transparency and dedication to operational excellence.
Contact Information
For more inquiries, interested parties can reach out directly to:
Kevin Bullock
President & CEO
(647) 388-1842
kbullock@nexgold.com
Orin Baranowsky
Chief Financial Officer
(647) 697-2625
obaranowsky@nexgold.com
Frequently Asked Questions
What services is NexGold receiving from ICP Securities?
NexGold has engaged ICP Securities to provide automated market making services aimed at improving liquidity and trading efficiency.
What is the duration of the engagement with ICP?
The initial term of the agreement with ICP Securities is four months, which will automatically renew for additional one-month terms unless notice is given.
How does ICP Securities enhance trading?
ICP utilizes proprietary technology, including its algorithm ICP Premium™, to ensure better liquidity and quote health in the market.
What are NexGold's primary projects?
NexGold's notable projects include the Goliath Gold Complex and the Goldboro Gold Project, along with several other exploration properties throughout Canada.
How can I contact NexGold for more information?
You can contact their President, Kevin Bullock, or CFO, Orin Baranowsky, via the provided phone numbers or emails for any inquiries.
