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Fredonia Mining Inc. Engages ICP Securities Inc. for Automated Market Making Services and Enters Into Investor Relations and Capital Markets Advisory Agreement
Globenewswire· 2026-03-25 11:30
Core Insights - Fredonia Mining Inc. has engaged market making and investor relations services to enhance its capital markets presence as it advances exploration at its El Dorado-Monserrat gold/silver project in Santa Cruz, Argentina [1] Market Making Services - On March 24, 2026, Fredonia engaged ICP Securities Inc. for automated market making services, with a monthly fee of $7,500 plus applicable taxes [2] - The agreement with ICP is for an initial term of four months, automatically renewing for one-month terms unless terminated with 30 days written notice [2][3] - ICP will manage temporary imbalances in supply and demand for Fredonia's shares, covering its own costs without third-party funding [3] Investor Relations Advisory Agreement - Fredonia has engaged TLG Growth Capital Corp. and Outcrop Mining Capital Corp. as investor relations and capital markets strategy advisors for a six-month term [4] - Each advisor will receive a monthly retainer of $5,000, totaling $10,000 per month, plus applicable taxes, funded from cash on hand [6] - The advisors will also receive 200,000 common share purchase options each, exercisable at $0.475 per share over two years, vesting in four equal tranches [6] Company Overview - Fredonia holds approximately 18,300 hectares of gold and silver license areas in the Deseado Massif geological region, including the El Dorado-Monserrat project, which is near AngloGold Ashanti's Cerro Vanguardia mine [9]