Mining company Armory Mining Corp. Hires ICP Securities Inc. for Automated Trading Services
In a recent development, Armory Mining Corp., a Toronto-based mining company, has announced that it has engaged ICP Securities Inc., a CIRO dealer-member specializing in automated market making and liquidity provision, for market making services. The agreement is set to commence on September 2, 2025, and will last for four months, with potential renewals.
ICP Securities Inc. will primarily correct temporary imbalances in the supply and demand of Armory Mining Corp.'s shares. The company will be responsible for the costs it incurs in buying and selling the shares, and will be paid a monthly fee of C$7,500 plus taxes. Notably, there are no performance factors or additional compensation in the agreement.
The services will be provided using ICP Securities Inc.'s proprietary algorithm, ICP PremiumTM. The founder of ICP Securities Inc. is not explicitly mentioned in the available search results.
Armory Mining Corp. is led by Alex Klenman, who serves as the CEO and Director. The press release contains forward-looking statements regarding the intended use of funds. However, readers are cautioned not to place undue reliance on these statements as they involve risks and uncertainties, including political and regulatory risks in Canada, operational and exploration risks, market conditions, and the availability of financing.
It is important to note that the news release does not constitute an offer to sell or a solicitation of an offer to buy Armory Mining Corp.'s securities in the United States. Furthermore, Armory Mining Corp.'s securities have not been and will not be registered under the United States Securities Act of 1933.
In light of this announcement, Armory Mining Corp. and ICP Securities Inc. are arm's length parties. Alex Klenman's email address is [email protected] for any inquiries related to the company. The Company undertakes no obligation to publicly update or revise any forward-looking statements, except as required by applicable securities laws.
