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Grit Metals Corp. (TSXV: FIN,OTC:EUEMF) (FSE: K9T) (OTCQB: EUEMF) ("Grit" or the "Company"), announces that, subject to regulatory approval, it has engaged the services of Independent Trading Group Inc. ("ITG") to provide market-making services in accordance with TSX Venture Exchange ("TSXV") policies. ITG will trade shares of the Company on the TSXV and all other trading venues with the objective of maintaining a reasonable market and improving the liquidity of the Company's common shares (the "Shares").
ITG is providing its services to the Company pursuant to a market making services agreement (the "Agreement") entered into between the Company and ITG. Pursuant to the Agreement, ITG will receive compensation of CAD$5,500 per month (plus applicable taxes), payable monthly in advance. The Agreement is for an initial term of one month and will renew for additional one-month terms unless terminated. The Agreement may be terminated by either party with 30 days' notice. There are no performance factors contained in the Agreement and ITG will not receive Shares or options to purchase Shares as compensation. ITG and the Company are unrelated and unaffiliated entities and at the time of the Agreement, neither ITG nor its principals have an interest, directly or indirectly, in the securities of the Company. The Agreement and the engagement of ITG pursuant thereto remains subject to the approval of the TSX-V.
About Independent Trading Group
ITG is a Toronto based CIRO dealer-member that specializes in market making, liquidity provision, agency execution, ultra-low latency connectivity, and bespoke algorithmic trading solutions. Established in 1992, with a focus on market structure, execution and trading, ITG has leveraged its own proprietary technology to deliver high quality liquidity provision and execution services to a broad array of public issuers and institutional investors.
About Grit Metals Corp.
Grit Metals Corp. is a junior exploration company focused on lithium-cesium-tantalum pegmatites in central Finland. The Company's exploration licences are located within 1 km of Keliber's mine and production complex, a €600 million investment by Sibanye-Stillwater Limited in partnership with Finnish Minerals Group (www.mineralsgroup.fi). The Keliber complex, which is currently in commissioning, will comprise open-pit and underground mining, a central spodumene concentrator and a lithium hydroxide plant at tidewater in Kokkola, creating a complete hard-rock lithium supply chain in the region (source: www.sibanyestillwater.com).
On behalf of the board of directors of the Company:
Jeremy Poirier
Chief Executive Officer
Telephone: 604-722-9842
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements Regarding Forward-Looking Information
This new release contains forward-looking information within the meaning of applicable securities legislation. Forward-looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. Such statements include, without limitation, statements obtaining regarding regulatory approvals, including those of the TSX-V; the anticipated effects of the market making services to be provided by ITG on the liquidity and trading of the Shares; the future results of operations, performance and achievements of the Company, including the presence of lithium mineralization at, and the exploration and development potential of, the Finland Pegmatite Project. Although the Company believes that such statements are reasonable, it can give no assurances that such expectations will prove to be correct.
All such forward-looking information is based on certain assumptions and analyses made by the Company in light of their experience and factors management believes are appropriate in the circumstances. This information, however, is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Important factors that could cause actual results to differ from this forward-looking information include obtaining regulatory approvals, including those of the TSX-V, in a timely manner or at all; ITG performing its obligations under the Agreement as anticipated; market conditions supporting improved liquidity of the Shares; economic conditions; mineral prices; and anticipated costs and expenditures; the costs of any anticipated work programs and the ability to fund such costs; required approvals in connection with any work programs and the ability to obtain such approvals; risks inherent in exploration as well as those described under the heading "Risks and Uncertainties" in the Company's most recently filed MD&A.
The Company does not intend, and expressly disclaims any obligation to, update or revise the forward-looking information contained in this news release, except as required by law Readers are cautioned not to place undue reliance on forward-looking information.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281188
