Questex Gold hires a market maker. Questex Gold hires ITG for market-making services
2021-01-06 19:10 ET - News Release
Mr. Joe Mullin reports
QUESTEX GOLD & COPPER ENGAGES INDEPENDENT TRADING GROUP INC. AS MARKET-MAKER
Questex Gold & Copper Ltd., subject to regulatory approval, has engaged the services of Independent Trading Group Inc. to provide market-making services in accordance with TSX Venture Exchange policies. ITG will trade shares of the company on the TSX-V and all other trading platforms with the objective of maintaining a reasonable market and improving the liquidity of the company's common shares.
Under the terms of the agreement, Questex will compensate ITG a monthly fee of $6,500, payable monthly in advance. The agreement is for an initial term of three months and can be terminated by either party with 30 days of written notice. ITG and the company are unrelated and unaffiliated entities and at the time of the agreement, neither ITG nor its principals have an interest, directly or indirectly, in the securities of the company.
Joe Mullin, chief executive officer of Questex, comments: "The engagement of ITG is expected, among other things, to enhance market depth and augment liquidity for Questex's shares as well as add stability and efficiency to the market. Questex is looking forward to working together with ITG."
About Questex & Copper Ltd.
Questex Gold & Copper is exploring for high-grade gold and copper with a focus on the Golden Triangle and Toodoggone areas of British Columbia. The property portfolio includes the company's flagship Castle property, a porphyry copper-gold project located in the Red Chris mining district of the Golden Triangle neighbouring GT Gold's Tatogga property, and Newcrest Mining's GJ property. Other properties include KSP, North ROK, Coyote and Kingpin in the Golden Triangle, Sofia in the Toodoggone district, and Heart Peaks and Hit in other strategic districts within British Columbia. These assets are being advanced by a newly assembled technical and management team with experience in exploration, permitting and discovery.
We seek Safe Harbor.
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