Bonterra Resources Inc. Engages ICP Securities Inc. for Automated Market Making Services
Bonterra Resources Inc. has announced an agreement with ICP Securities Inc. to enhance liquidity and support market stability for the company’s shares through ICP’s proprietary algorithm, ICP Premium™. This partnership is set to commence on November 11, 2024, and aligns with Bonterra’s commitment to ensuring balanced trading and a stronger market presence.
Under the terms of the agreement, Bonterra will pay ICP a monthly fee of C$7,500 plus applicable taxes. The four-month Initial Term will automatically renew month-to-month unless either party provides written notice 30 days before the term’s end. There are no performance metrics tied to the agreement, nor any stock options or other compensation involved. ICP and its clients, while currently holding no shares, may acquire an interest in Bonterra’s securities in the future. ICP’s activity will focus on correcting short-term supply and demand imbalances in Bonterra’s shares.
About ICP Securities Inc.
Founded in 2023, ICP Securities Inc. is a Toronto-based CIRO dealer-member specializing in automated market making and liquidity provision. Leveraging its proprietary technology, ICP Premium™, the firm aims to optimize liquidity and support market integrity, serving both public issuers and institutional investors.
About Bonterra Resources Inc.
Bonterra is a Canadian gold exploration company focused on advancing its Quebec-based assets, including the Gladiator, Barry, Moroy, and Bachelor deposits, with a combined resource base of 1.24 million ounces in Measured and Indicated categories and 1.78 million ounces in the Inferred category.
In a strategic partnership established in November 2023, Bonterra entered into an earn-in and joint venture agreement with Osisko Mining Inc. for the Urban-Barry properties. Following Osisko’s acquisition by Gold Fields Ltd. in August 2024, valued at C$2.16 billion, Gold Fields now has the opportunity to earn a 70% stake in the Urban-Barry joint venture by committing C$30 million in work expenditures by November 2026. This collaboration reflects Bonterra’s drive to accelerate development of its promising exploration assets in Quebec’s prolific gold regions.
Tags: Quebec / Deals & Financial / Gold / All Articles