07:32:08 EDT Fri 17 May 2024
Enter Symbol
or Name
USA
CA



Evome Medical Technologies Inc
Symbol EVMT
Shares Issued 56,791,591
Close 2024-02-27 C$ 0.21
Market Cap C$ 11,926,234
Recent Sedar Documents

Evome hires ICP Securities for market-making services

2024-02-27 17:08 ET - News Release

Mr. Mike Seckler reports

EVOME MEDICAL ENGAGES ICP SECURITIES INC. FOR AUTOMATED MARKET MAKING SERVICES

Evome Medical Technologies Inc. has engaged the services of ICP Securities Inc. to provide automated market-making services, including use of its proprietary algorithm, ICP Premium, for its shares traded on the TSX Venture Exchange, in compliance with the policies of the TSX-V and other applicable legislation. ICP will receive a fee of $7,500 plus applicable taxes per month, payable monthly in advance. The agreement between the company and ICP is for an initial term of four months and shall be automatically renewed for subsequent one-month terms unless either party provides at least 30 days written notice prior to the end of the initial term or an additional term, as applicable. There are no performance fees contained in the agreement and no stock options or other compensation are being granted 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, and, at the time of the agreement for ICP's services, to the knowledge of the company, neither ICP nor its principals have an interest, directly or indirectly, in the securities of 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.

ICP 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, which 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.

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