ITG appointed as market maker by Pinnacle, with shares being settled in exchange for debt.
In a move aimed at improving liquidity and maintaining a stable market for its common shares, Pinnacle Silver and Gold Corp (TSXV: NRGOF) has announced the engagement of Independent Trading Group (ITG) as a market maker. This partnership is expected to foster more consistent trading activity and reduce volatility or illiquidity risks associated with thin trading markets.
Under the terms of the agreement, ITG will trade shares of Pinnacle Silver and Gold Corp on the TSX Venture Exchange and other trading venues. This arrangement will facilitate smoother transactions and enhance the company's market presence. Notably, the agreement does not contain any performance-based factors or equity compensation, indicating a focus on providing effective market-making services.
ITG will be compensated CAD$5,000 monthly for their services, with the contract renewing on a monthly basis unless terminated with 30 days’ notice. The aggregate number of shares to be issued is 2,376,667 at a price of $0.06 per share, amounting to $142,600.00. It is important to note that this issuance of shares to directors and officers of the company constitutes a "related party transaction."
By engaging ITG, Pinnacle Silver and Gold Corp stands to gain several advantages. Enhanced liquidity is one such benefit, as ITG's active trading will tend to tighten bid-ask spreads, making more shares available for buying and selling. This, in turn, reduces price volatility and boosts investor confidence.
Another benefit is improved trading operations. ITG's proprietary trading technology and focus on market structure help create a more efficient trading environment, supporting better price discovery for Pinnacle’s stock.
Overall, this market-making service engagement is expected to stabilize trading conditions, attract investor interest, and potentially support more consistent share price behavior. This is beneficial as the company advances its exploration and development initiatives.
Robert A. Archer serves as the President & CEO of Pinnacle Silver and Gold Corp. The TSX Venture Exchange has accepted the shares for debt settlement with certain creditors, and the Investment Industry Regulatory Organization of Canada is not responsible for this release. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
For further information, please contact Pinnacle Silver and Gold Corp at [email protected], +1 (877) 271-5886 ext. 110, or visit their website at www.pinnaclesilverandgold.com. This news release was provided by TheNewswire via QuoteMedia. Copyright for this news release belongs to TheNewswire (copyright © 2025 TheNewswire).
In this arrangement, ITG's focus on market-making services is expected to improve the liquidity of Pinnacle Silver and Gold Corp's common shares, as well as enhance their market presence through smoother transactions. Additionally, ITG's proprietary trading technology and attention to market structure will create a more efficient trading environment, supporting better price discovery for Pinnacle’s stock.
