VANCOUVER, BC, Nov. 29,
2024 /CNW/ - GR Silver Mining Ltd. ("GR
Silver Mining" or the "Company") (TSXV: GRSL) (OTCQB:
GRSLF) (FRANKFURT: GPE) 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 $7,500, plus applicable taxes. The agreement
between the Company and ICP was signed with a start date of
November 29, 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.
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.
About GR Silver Mining Ltd.
GR Silver Mining is a Canadian-based, Mexico-focused junior mineral exploration
company engaged in cost effective silver-gold resource expansion on
its 100%-owned assets, located on the eastern edge of the Rosario
Mining District, in the southeast of Sinaloa State, Mexico. GR Silver Mining controls 100% of the
Plomosas Project, including the former Plomosas underground mine
and wide, high-grade silver mineralized zones at the San Marcial
Area. Recent discoveries in the 78 km2 of highly
prospective advanced stage exploration concessions, position the
Company well in the pursuit for resource expansion at the Plomosas
Project.
GR Silver Mining Ltd.
Eric Zaunscherb
Chair &
CEO
Cautionary Statement Regarding Forward-Looking
Information
This press release contains "forward-looking statements"
within the meaning of applicable Canadian securities legislation
and information that are based on the beliefs of management and
reflect the Company's current expectations. When used in this press
release, the words "estimate", "project", "belief", "anticipate",
"intend", "expect", "plan", "predict", "may" or "should" and the
negative of these words or such variations thereon or comparable
terminology are intended to identify forward-looking statements and
information.
Such statements and information reflect the current
view of the Company. Risks and uncertainties
may cause actual results to differ materially from those
contemplated in those forward-looking statements and information.
By their nature, forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause our
actual results, performance or achievements, or other future
events, to be materially different from any future results,
performance or achievements expressed or implied by such
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 press release.
SOURCE GR Silver Mining Ltd.
