on ESGold Corp (CVE:ESAU)
ESGold Corp Engages ICP Securities for Market Making Services
ESGold Corp, a pre-production mining company, announced its engagement of ICP Securities Inc. to provide automated market-making services. This move aims to enhance the company's market presence as it progresses towards production. By utilizing ICP's proprietary algorithm, ICP Premium™, ESGold seeks to address volatility and pricing inefficiencies caused by high-frequency trading. The company aims to support orderly trading and improve the quality of stock quotes.
The agreement, effective from May 22, 2026, involves a monthly fee of C$7,500 for ICP, lasting an initial term of four months. The contract automatically renews month-to-month unless terminated with a 30-day notice. ICP will manage the market-making activities independently, without receiving stock options or additional compensation beyond the agreed fee.
ESGold emphasizes this initiative as part of its broader strategy to improve liquidity and create long-term shareholder value. By partnering with ICP, ESGold aims to maintain transparency and manage supply-demand imbalances for its shares.
R. H.
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