Golden Arrow Resources Corp. (CVE:GRG) announced Tuesday that it has retained Venture Liquidity Providers Inc. (VLP) to initiate its market-making service to help in maintaining an orderly trading market for the common shares of the company.
VLP is a specialized consulting firm based in Toronto providing a variety of services focused on TSX Venture Exchange-listed issuers.
The market-making service will be undertaken by VLP through a registered broker, W.D. Latimer Co. Ltd.
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For its services, the corporation has agreed to pay VLP $5,000 plus HST per month for a period of 12 months.
The finances and the shares required for the market-making service are provided by W.D. Latimer. The fee paid by the company to VLP is for services only.
Golden Arrow owns a 25-per-cent share of Puna Operations Inc., a joint venture operated by SSR Mining.
Shares of Golden Arrow Resources were down 3.0% at C$0.48 on Tuesday.