Voxtur Engages ICP Securities Inc. for Automated Market Making Services
April 19 2024 - 4:59PM
Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF), a North American
technology company creating a more transparent and accessible real
estate lending ecosystem, 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 receive a fee of C$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 (4) months 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 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.
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. (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™, 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 Voxtur
Voxtur is a transformational real estate
technology company that is redefining industry standards in a
dynamic lending environment. The Company offers targeted data
analytics to simplify the multifaceted aspects of the lending
lifecycle for investors, lenders, government agencies and
servicers. Voxtur’s proprietary data hub and workflow platforms
more accurately and efficiently value assets, originate and service
loans, and securitize portfolios. As an independent and transparent
mortgage technology provider, the Company offers primary and
secondary market solutions in the United States and Canada. For
more information, visit www.voxtur.com.
Forward-Looking Information
This news release contains certain
forward-looking statements and forward-looking information
(collectively, “forward-looking information”) which reflect the
expectations of management regarding the Company’s strategic
initiatives, plans, business prospects, and opportunities.
Forward-looking statements should not be read as guarantees of
future events, performance or results, and give rise to the
possibility that management’s predictions, forecasts, projections,
expectations, or conclusions will not prove to be accurate, that
the assumptions may not be correct and that the Company’s future
growth, financial performance and objectives and the Company’s
strategic initiatives, plans, business prospects and opportunities,
including the duration, impact of and recovery from the COVID-19
pandemic, will not occur or be achieved. Any information contained
herein that is not based on historical facts may be deemed to
constitute forward-looking information within the meaning of
Canadian and United States securities laws. Forward-looking
information may be based on expectations, estimates and projections
as at the date of this news release, and may be identified by the
words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”,
“anticipate”, “believe”, “estimate”, “expect” or similar
expressions. Forward-looking information may include but is not
limited to: the effects of unexpected costs, liabilities or delays;
success of software activities; the competition for skilled
personnel; expectations for other economic, business,
environmental, regulatory and/or competitive factors related to the
Company, or the real estate industry generally; anticipated future
production costs; and other events or conditions that may occur in
the future. Investors are cautioned that forward-looking
information is not based on historical facts but instead reflects
estimates or projections concerning future results or events based
on the opinions, assumptions and estimates of management considered
reasonable at the date the information is provided. Although the
Company believes that the expectations reflected in such
forward-looking information are reasonable, such information
involves risks and uncertainties, and undue reliance should not be
placed on such information, as unknown or unpredictable factors
could have material adverse effects on future results, performance,
or achievements of the Company. Among the key factors that could
cause actual results to differ materially from those projected in
the forward-looking information include but are not limited to:
implementation of new products; changing global financial
conditions, especially in light of the COVID-19 global pandemic;
reliance on specific key employees and customers to maintain
business operations; competition within the Company’s industry; a
risk in technological failure, failure to implement technological
upgrades, or failure to implement new technological products in
accordance with expected timelines; changing market conditions;
failure of governing agencies and regulatory bodies to approve the
use of products and services developed by the Company; the
Company’s dependence on maintaining intellectual property and
protecting newly developed intellectual property; operating losses
and negative cash flows; and currency fluctuations. Accordingly,
readers should not place undue reliance on forward-looking
information contained herein.
This forward-looking information is provided as
of the date of this news release and, accordingly, is subject to
change after such date. The Company does not assume any obligation
to update or revise this information to reflect new events or
circumstances except as required in accordance with applicable
laws.
NEITHER THE TSXV NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV)
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS
RELEASE.
Voxtur’s common shares are traded on the TSXV
under the symbol VXTR and in the US on the OTCQB under the symbol
VXTRF.
Contact:
Jordan RossChief Investment Officer Tel: (416)
708-9764jordan@voxtur.com
For media inquiries:
Jacob GaffneyTel: (817) 471-7627jacob@gaffneyaustin.com
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