Forte Minerals Corp revealed that it has engaged Independent Trading Group (ITG) to provide market-making services.
The Vancouver-based copper and gold exploration company said ITG will be responsible for providing liquidity and depth for Forte Minerals shares.
"Engaging ITG as our market maker is an important step for Forte as we seek to enhance the liquidity and trading of our common shares," Forte Minerals Patrick Elliott said in a statement.
Established in 1992, ITG has leveraged its proprietary technology to deliver high-quality liquidity and execution services to various public issuers and institutional investors.
Under the agreement, ITG will receive C$6,000 every month. The contract runs on a month-to-month term and automatically renews unless terminated by either party with 30 days of notice. There are no laid down performance metrics spelled out in the contract. ITG will not receive shares or options as compensation.
Forte Minerals is focused on acquiring, exploring, discovering, and developing projects in Peru.
Contact the author Uttara Choudhury at uttara@proactiveinvestors.com
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