00:40:54 EDT Wed 22 May 2024
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or Name

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Northern Graphite Corp
Symbol NGC
Shares Issued 130,343,022
Close 2024-03-18 C$ 0.19
Market Cap C$ 24,765,174
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Northern Graphite hires ICP for automated market-making

2024-03-19 11:22 ET - News Release

Mr. Pav Jordan reports


Northern Graphite Corp. has engaged the services of ICP Securities Inc. to provide automated market-making services, including use of ICP's proprietary algorithm, ICP Premium, in compliance with the policies of the TSX Venture Exchange and applicable securities laws.

ICP's market-making activity will be primarily to correct temporary imbalances in the supply and demand of the company's shares. ICP will make a two-sided market in the company's common shares and provide liquidity and stability to the common shares with the objectives of establishing a fair and orderly market, improving liquidity and providing the company with market intelligence. ICP will be responsible for the costs it incurs in buying and selling the company's shares and no third party will be providing finances or securities for the market-making activities.

Under the terms of the agreement between the company and ICP, ICP will receive a cash fee of $7,500 plus applicable taxes per month, payable monthly in advance, for its services. The agreement between the company and ICP is for an initial term of four months and may be terminated by either party on at least 30 days of written notice. There are no performance factors contained in the agreement and no stock options or other security-based compensation will be granted to ICP in connection with the engagement.

ICP is an arm's-length party to the company. ICP has no present, direct or indirect interest in the company or its securities, nor any right or present intention to acquire such an interest. ICP and its clients may acquire an interest in the securities of the company in the future.

About Northern Graphite Corp.

Northern, the only natural graphite producing company in North America, is a Canadian, TSX Venture Exchange-listed company that is focused on becoming a world leader in producing natural graphite and upgrading it into high-value products critical to the green economy, including anode material for lithium-ion batteries/EVs (electric vehicles), fuel cells and graphene, as well as advanced industrial technologies.

We seek Safe Harbor.

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