The Conversation (0)
International Lithium Corp. (TSXV:ILC) clarified that it has retained Venture Liquidity Providers Inc. to initiate its Market Making Service, to provide assistance in maintaining an orderly trading market for the Company’s common shares.
International Lithium Corp. (TSXV:ILC) clarified that it has retained Venture Liquidity Providers Inc. to initiate its Market Making Service, to provide assistance in maintaining an orderly trading market for the Company’s common shares.
As quoted in the press release:
The Market Making Service will be undertaken by VLP through a registered broker, W.D. Latimer Co. Limited, in compliance with the guidelines of the TSX Venture Exchange (the “Exchange”). VLP is a specialized consulting firm based in Toronto providing a variety of services focused on Exchange-listed issuers. In consideration for their services, the Company has agreed to pay VLP $5,000 per month for an initial period of 12 months and to issue VLP 50,000 stock options (each a “VLP Option”). Each VLP Option will entitle VLP to purchase one common share of the Company at a price of $0.115 per common share for a period ending 5 years following the date of grant. The VLP Options will vest quarterly over a period of one year. This grant of VLP Options is made in compliance with the Company’s stock option plan and remains subject to applicable filings with the Exchange.
The Agreement is subject to acceptance of applicable filings with the Exchange. The Agreement is set to automatically renew for successive additional 12 month terms, unless otherwise terminated. The Agreement may be terminated at any time by the Company or VLP. The Company and VLP act at arm’s length, and VLP has no present interest, directly or indirectly, in the Company or its securities. The Agreement is subject to regulatory approval.
Click here to read the International Lithium Corp. (TSXV:ILC) press release
