Mr. Mark Binns reports
CARRIER CONNECT DATA SOLUTIONS INC. ENGAGES VELOCITY TRADE CAPITAL LTD.
Carrier Connect Data Solutions Inc. has engaged Velocity Trade Capital Ltd. to
provide market-making services to the company in accordance with applicable securities laws and the policies of the TSX Venture Exchange. Velocity Trade will manage trading of the company's shares from time to time for the purpose of maintaining an orderly market, with a view to reducing trading volatility and improving the liquidity of the company's shares. The funding and securities required for these services undertaken will be provided by Velocity Trade.
In consideration for the market liquidity services, Carrier has agreed to pay Velocity Trade a monthly fee equal to $6,000 per month, and after a period of 60 days, either party may terminate the contract by providing the other with 30 days prior written notice of termination.
Velocity Trade is a private and independent investment dealer headquartered in Toronto, Ont., and is registered for trading in the provinces of Ontario, Quebec, British Columbia, Alberta and Manitoba. Velocity Trade is a member of the TMX, and of the Canadian Investment Regulatory Organization
(CIRO). Additionally, the firm and its affiliate companies are regulated internationally by the United Kingdom's Financial Conduct Authority (FCA), the Authority for Financial Markets (AFM) in the Netherlands, the Australian Securities and Investments Commission (ASIC), South Africa's Financial Sector Conduct Authority (FSCA) and the Monetary Authority of Singapore (MAS), among others.
Velocity Trade and Carrier are not related parties and have no other agreements other than the market liquidity agreement, which is the subject of this news release.
The engagement of Velocity Trade to provide market liquidity services to Carrier is subject to acceptance of the TSX Venture Exchange.
About Carrier Connect Data Solutions Inc.
Carrier Connect Data Solutions' mission is to roll up Tier II/III data centres internationally that specialize in delivering co-location and data centre solutions to AI companies, service providers, enterprises and small businesses. Data centres are the physical locations that store computing machines and their related hardware equipment, such as servers, data storage drives and network equipment. As a carrier-neutral organization, Carrier's systems are fully independent and owned outright within its leased space. The current principal markets for the company are Vancouver, Canada, and Perth, Australia, where it serves clients who use its facilities either as their primary datacenter or as an ancillary site depending on their needs.
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