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Andean Precious Metals Corp
Symbol APM
Shares Issued 149,545,436
Close 2024-07-16 C$ 1.10
Market Cap C$ 164,499,980
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Andean hires ICP for market-making services

2024-07-16 17:52 ET - News Release

Ms. Amanda Mallough reports

ANDEAN PRECIOUS METALS ENGAGES ICP SECURITIES INC. FOR AUTOMATED MARKET MAKING SERVICES

Andean Precious Metals Corp. has engaged the services of ICP Securities Inc. to provide automated market-making services, including use of its proprietary algorithm, ICP Premium, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation.

ICP will receive a fee of $7,500 plus applicable taxes per month, payable monthly in advance. The agreement between the company and ICP is for an initial term of four months and shall be automatically renewed for subsequent one-month terms (each month called an additional term) unless either party provides at least 30 days 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 is being granted in connection with the engagement. ICP and its clients may acquire an interest in the securities of the company in the future.

ICP is an arm's-length party to the company. ICP's market-making activity will be primarily to correct temporary imbalances in the supply and demand of the company's shares. ICP will be responsible for the costs it incurs in buying and selling the company's shares, and no third party will be providing funds or securities for the market-making activities.

About Andean Precious Metals Corp.

Andean is a growing precious metal producer focused on expanding into top-tier jurisdictions in the Americas. The company owns and operates the San Bartolome processing facility in Potosi, Bolivia, and the Soledad Mountain mine in Kern county, California, and is well financed to act on future growth opportunities. Andean's leadership team is committed to creating value, fostering safe, sustainable and responsible operations, and achieving its ambition to be a multiasset, mid-tier precious metal producer.

We seek Safe Harbor.

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