Toronto, Ontario--(Newsfile Corp. - January 23, 2025) - Nuvau Minerals Inc. (TSXV: NMC) ("Nuvau" or the "Company") is pleased to announce that it has entered into a market maker agreement dated January 9, 2025 (the "Agreement") to retain Ventum Financial Corp. ("Ventum"), at its principal offices in Vancouver, British Columbia to provide market making services (the "Services") in accordance with Policy 3.4 - Investor Relations, Promotional and Market-Making Activities of TSX Venture Exchange (the "Exchange").
Ventum is a full-service registered investment dealer head-quartered in Vancouver, British Columbia and Toronto, Ontario, with offices across Canada. Ventum will trade the securities of Nuvau on the Exchange for the purposes of maintaining an orderly market. In consideration of the Services provided by Ventum, the Company will pay Ventum a monthly cash fee of $5,000, to be pro-rated for any period that is less than one full month, plus any applicable taxes. It is anticipated that the total costs of the Services to the Company for the Term will be approximately $60,000, plus applicable taxes. Ventum will not receive common shares or options as compensation pursuant to providing the Services. The capital used for market making will be provided by Ventum.
Ventum's engagement will be for a minimum term of twelve months commencing on January 9, 2025 (the "Term"). After the first three months of the Term, the Company will have the right to terminate the Agreement for Services on seven days' written notice. Nuvau and Ventum are unrelated and unaffiliated entities. Ventum is the registered and beneficial holder of 237,740 compensation options of the Company. Ventum is the registered holder of 447,780 common shares and 223,890 warrants for the benefit of parties that are unrelated and unaffiliated with the Company.
About Nuvau Minerals Inc.
Nuvau is a Canadian mining company focused on the Abitibi Region of mine-friendly Québec. Nuvau's principal asset is the Matagami Property that is host to significant existing processing infrastructure and multiple mineral deposits and is being acquired from Glencore.
For more information go to our website www.nuvauminerals.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Disclaimer & Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "will", "estimates", "believes", "intends" "expects" and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this news release contains forward-looking statements concerning the Agreement. Forward-looking statements are inherently uncertain, and the actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of the Company, including expectations and assumptions concerning the Company. Readers are cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company. Readers are further cautioned not to place undue reliance on any forward-looking statements, as such information, although considered reasonable by the management of the Company at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
The forward-looking statements contained in this news release are made as of the date of this news release, and are expressly qualified by the foregoing cautionary statement. Except as expressly required by securities law, neither the Company nor Nuvau undertakes any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise.
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