Myriad Uranium Engages Independent Trading Group as Market Maker
Vancouver, April 20, 2023 - Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) ("Myriad" or the "Company") announces that it has engaged the services of Independent Trading Group ("ITG") to provide market making services in accordance with CSE policies. ITG will trade shares of the Company on the CSE, OTCQB, and all other trading venues with the objective of maintaining a reasonable market and improving the liquidity of the Company's common shares.
Under a market making services agreement dated as of April 12, 2023, ITG will receive compensation of C$6,000 per month, payable monthly in advance. The agreement is for an initial term of three months and will renew for additional one-month terms unless terminated. The agreement may be terminated by either party with 30 days' notice. There are no performance factors contained in the agreement and ITG will not receive shares or options as compensation. 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.
"As recently announced, the Company is about to invest significantly in investor awareness," stated Thomas Lamb, Myriad's CEO. "It only makes sense to also engage a professional market maker at this point in order to tighten spreads, ensure investor access to volume, mitigate price volatility, and promote orderly price discovery. Combining our investor awareness efforts with the assistance of a professional market maker has good potential to lower Myriad's future cost of capital and should provide improved ongoing liquidity for Myriad shareholders."
About Independent Trading Group
Independent Trading Group (ITG) Inc. is a Toronto based IIROC dealer-member that specializes in market making, liquidity provision, agency execution, ultra-low latency connectivity, and bespoke algorithmic trading solutions. Established in 1992, with a focus on market structure, execution and trading, ITG 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. ITG is located at 33 Yonge Street, Suite 420, Toronto, Ontario, M5E 1G4 and can be reached at info@itg84.com and +1-416-583-2194.
About Myriad
Myriad Uranium Corp. is a Canadian mineral exploration company with a 100% option interest in over 1,800 km2 of uranium exploration licences in the Tim Mersoï Basin, Niger. These licences are surrounded by and share fault structures with some of the most significant uranium deposits in the world, including Orano's 384 Mlbs eU3O8 Imouraren, Global Atomic's 236 Mlbs Dasa, and Goviex's 100 Mlbs Madaouela. Myriad also has a 50% interest in the Millen Mountain Property in Nova Scotia, Canada, with the other 50% held by Probe Metals Inc. For further information, please refer to the Company's disclosure record on SEDAR (www.sedar.com), contact the Company by telephone at +1.604.418.2877, or refer to the Company website at www.myriaduranium.com.
Myriad's factsheet is here. A CEO interview with Crux Investor which may be of interest is here.
ON BEHALF OF THE BOARD OF DIRECTORS
Thomas Lamb
President and CEO
tlamb@myriaduranium.com
Mineralization hosted on adjacent or nearby properties is not necessarily indicative of mineralization hosted on the Company's properties. This news release contains "forward-looking information" that is based on the Company's current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, the Company's business, plans, outlook and business strategy. The words "may", "would", "could", "should", "will", "likely", "expect," "anticipate," "intend", "estimate", "plan", "forecast", "project" and "believe" or other similar words and phrases are intended to identify forward-looking information. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect, including with respect to the Company's business plans respecting the exploration and development of the Company's mineral properties, the proposed work program on the Company's mineral properties and the potential and economic viability of the Company's mineral properties. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: changes in economic conditions or financial markets; increases in costs; litigation; legislative, environmental and other judicial, regulatory, political and competitive developments; and technological or operational difficulties. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on such forward-looking information. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable law.
The CSE has not reviewed, approved or disapproved the contents of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/163201
