news NTERNATIONAL ZEOLITE RETAINS VENTURE LIQUIDITY PROVIDERS INC. AS MARKET MAKER
Subject to TSX Venture Exchange, International Zeolite Corp. has retained Venture Liquidity Providers Inc. (VLP) to provide market-making services. The market-making service will be undertaken by VLP through a registered broker, W.D. Latimer Co. Ltd., in compliance with TSX Venture Exchange policies. VLP will buy and sell shares of International Zeolite for the purpose of maintaining an orderly trading market or providing liquidity in the company's shares.
The term of the agreement is for one year and may be terminated by either party immediately upon receiving written notice. In consideration of the services to be provided, the company has agreed to pay VLP $5,000 per month. In addition, VLP has been granted an incentive stock option to acquire up to 200,000 common shares in the company's capital at a price of 10.5 cents per share for a one-year period.