Mr. Taj Singh reports
FIRST NORDIC ENGAGES ICP SECURITIES FOR AUTOMATED MARKET MAKING SERVICES
First Nordic Metals Corp. has engaged the services of ICP Securities Inc. to provide automated market-making services, including the 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 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 July 29, 2024, and is for four months and shall be automatically renewed for subsequent one-month terms 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 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 First Nordic Metals Corp.
The company's flagship asset is the Barsele gold project, located in Sweden and in a joint venture with senior gold producer Agnico Eagle Mines Ltd. Immediately surrounding the Barsele project, FNM is the 100-per-cent owner of a district-scale licence position of close to 100,000 hectares on the Gold Line belt. Additionally, in northern Finland FNM is the 100-per-cent owner of a district-scale position covering the entire Oijarvi greenstone belt.
We seek Safe Harbor.
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