TSX-V: QEX
VANCOUVER, BC, Jan. 6, 2021 /CNW/ - QUESTEX GOLD &
COPPER LTD. (TSXV: QEX) ("QuestEx" 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 ("TSX-V") policies. ITG will trade
shares of the Company on the TSX-V and all other trading platforms
with the objective of maintaining a reasonable market and improving
the liquidity of the Company's common shares.
Under the terms of the agreement, QuestEx will compensate ITG a
monthly fee of CAD $6,500, payable
monthly in advance. The agreement is for an initial term of three
months and can be terminated by either party with thirty (30) days'
written notice. 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.
Joe Mullin, CEO of QuestEx
comments: "The Engagement of ITG is expected, among other
things, to enhance market depth and augment liquidity for QuestEx's
shares as well as add stability and efficiency to the market.
QuestEx is looking forward to working together with ITG."
About ITG
ITG is Canada's only brokerage
firm dedicated specifically to professional trading. As
Canada's foremost Market Making
firm, ITG provides Market Making and Liquidity Provider services
that are objective and focused. With its head office in
Toronto, ITG employs real traders
and provides real liquidity, with an underlying emphasis on
integrity and success. For more information, visit
www.itg84.com.
About QuestEx
QuestEx Gold & Copper Ltd. is exploring for high-grade gold
and copper with a focus on the Golden Triangle and Toodoggone areas
of British Columbia. The property
portfolio includes the Company's flagship Castle property, a
porphyry copper-gold project located in the Red Chris mining
district of the Golden Triangle neighbouring GT Gold's Tatogga
property, and Newcrest Mining's GJ property. Other properties
include KSP, North ROK, Coyote, and Kingpin in the Golden Triangle,
Sofia in the Toodoggone district,
and Heart Peaks and Hit in other strategic districts within
British Columbia. These assets are
being advanced by a newly assembled technical and management team
with experience in exploration, permitting and discovery.
ON BEHALF OF THE BOARD OF DIRECTORS OF QUESTEX GOLD &
COPPER LTD.
"Joseph Mullin"
Joseph Mullin
Chief Executive Officer and Director
Cautionary Note Regarding Forward-Looking
Statements
All statements, trend analysis and other information
contained in this press release about anticipated future events or
results constitute forward-looking statements. Forward-looking
statements are often, but not always, identified by the use of
words such as "seek", "anticipate", "believe", "plan", "estimate",
"expect" and "intend" and statements that an event or result "may",
"will", "should", "could" or "might" occur or be achieved and other
similar expressions. All statements, other than statements of
historical fact, included herein, are forward-looking statements.
Although the Company believes that the expectations reflected in
such forward-looking statements and/or information are reasonable,
undue reliance should not be placed on forward-looking statements
since the Company can give no assurance that such expectations will
prove to be correct. These statements involve known and unknown
risks, uncertainties and other factors that may cause actual
results or events to differ materially from those anticipated in
such forward-looking statements, including the risks, uncertainties
and other factors identified in the Company's periodic filings with
Canadian securities regulators as well as the risk that the ongoing
COVID-19 pandemic may have on the Company's business. Important
factors could cause actual results to differ materially from
QuestEx expectations. Forward-looking statements are based on
estimates and opinions of management at the date the statements are
made. QuestEx does not undertake any obligation to update
forward-looking statements except as required by applicable
securities laws. Investors should not place undue reliance on
forward-looking statements.
Neither the 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.
SOURCE QuestEx Gold & Copper Ltd.
