Mr. Johnny Chen reports
PROSPECT MARKETS ENGAGES INDEPENDENT TRADING GROUP AS MARKET MAKER
Prospect Prediction Markets Inc. has engaged the services of Independent Trading Group (ITG) 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 venues with the objective of maintaining a reasonable market and improving the liquidity of the company's common shares.
Under the agreement, ITG will receive compensation of $5,500, payable monthly in advance. The agreement is for an initial term of one month and will renew for additional one-month terms unless terminated. The agreement may be terminated by either party with 30 days of notice. There are no performance factors contained in the agreement and ITG will not receive shares or options as compensation. 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.
No stock options or other compensation are being granted in connection with this engagement. ITG is at arm's length to the company. The company's engagement of ITG remains subject to the approval of the TSX-V.
About Prospect Prediction Markets Inc.
Prospect Markets is the prediction market platform built natively for sports. From the world's largest leagues to niche competitions, Prospect turns every sports moment into a tradable market. Fans trade peer to peer on outcomes using real-time data from the company's second-screen experience, which transforms passive viewership into active market participation.
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