(NEXG) TORONTO, Aug. 28, 2025 (GLOBE NEWSWIRE) -- NexGold Mining Corp. (TSXV: NEXG; OTCQX: NXGCF) (âNexGoldâ or the âCompanyâ) is pleased to announce that it has engaged the services of ICP Securities Inc. (âICPâ) to provide automated market making services, including use of its proprietary algorithm, ICP Premiumâą, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. ICP will be paid a monthly fee of $7,500, plus applicable taxes. The agreement between the Company and ICP was signed with a start date of August 28, 2025, and is for four (4) months (the âInitial Termâ) and shall be automatically renewed for subsequent one (1) month terms (each month called an âAdditional Termâ) unless either party provides at least thirty (30) daysâ written notice prior to the end of the Initial Term or an Additional Term, as applicable. There are no performance factors contained in the agreement and no stock options or other compensation in connection w
Related Questions
How will the engagement of ICP Securities' marketâmaking services affect NexGold's share liquidity and bidâask spread in the short term?
What is the financial impact of the $7,500 monthly fee on NexGoldâs cash flow and balance sheet, and is it material relative to the company's capital resources?
Will the marketâmaking arrangement be viewed by investors as a confidence boost or as a sign of priceâsupport reliance, and how might it influence the stockâs price trajectory and trading volume?