Aldebaran Engages ICP Securities Inc. for Automated Market Making Services
06 November 2024 - 9:30AM
Aldebaran Resources Inc.
(“
Aldebaran” or the “
Company”)
(TSX-V: ALDE, OTCQX: ADBRF) is pleased to announce
that it has engaged the services of ICP Securities Inc.
(“
ICP”) to provide automated market making
services, including use of its proprietary algorithm, ICP Premium™,
in compliance with the policies and guidelines of the TSX Venture
Exchange and other applicable legislation. ICP will be paid a
monthly fee of C$7,500, plus applicable taxes. The agreement
between the Company and ICP was signed with a start date of
November 6, 2024, and is for four (4) months (the “Initial Term”)
and shall be automatically renewed for subsequent one (1) month
terms (each month called an “Additional Term”) unless either party
provides at least thirty (30) days written notice prior to the end
of the Initial Term or an Additional Term, as applicable. There are
no performance factors contained in the agreement and no stock
options or other compensation in connection with the engagement.
ICP and its clients may acquire an interest in the securities of
the Company in the future.
ICP is an arm’s length party to the Company.
ICP’s market making activity will be primarily to correct temporary
imbalances in the supply and demand of the Company’s shares. ICP
will be responsible for the costs it incurs in buying and selling
the Company’s shares, and no third party will be providing funds or
securities for the market making activities.
ON BEHALF OF THE ALDEBARAN BOARD (signed) “John
Black”
John BlackChief Executive Officer and DirectorTel: +1 (604)
685-6800Email: info@aldebaranresources.com
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For further information, please consult our website
at www.aldebaranresources.com or
contact:Ben CherringtonManager, Investor RelationsPhone:
+1 347 394-2728 or +44 7538 244 208Email:
ben.cherrington@aldebaranresources.com
About Aldebaran Resources Inc.
Aldebaran is a mineral exploration company that
was spun out of Regulus Resources Inc. in 2018 and has the same
core management team. Aldebaran holds a 60% interest in the Altar
copper-gold project in San Juan Province, Argentina and can earn an
additional 20% interest in the project by completing a further $25
million in expenditures at Altar over the next three years. The
Altar project hosts multiple porphyry copper-gold deposits with
potential for additional discoveries. Altar forms part of a cluster
of world-class porphyry copper deposits which includes Los
Pelambres (Antofagasta Minerals), El Pachón (Glencore), and Los
Azules (McEwen Copper). In March 2021 the Company announced an
updated mineral resource estimate for Altar, prepared by
Independent Mining Consultants Inc. and based on the drilling
completed up to and including 2020 (independent technical report
prepared by Independent Mining Consultants Inc., Tucson, Arizona,
titled "Technical Report, Estimated Mineral Resources, Altar
Project, San Juan Province, Argentina", dated March 22, 2021 - see
news release dated March 22, 2021).
About ICP Securities Inc.
ICP Securities Inc. is a Toronto based CIRO
dealer-member that specializes in automated market making and
liquidity provision, as well as having a proprietary market making
algorithm, ICP Premium™, that enhances liquidity and quote health.
Established in 2023, with a focus on market structure, execution,
and trading, ICP 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.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
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