VANCOUVER, British Columbia, April 05, 2024 (GLOBE NEWSWIRE) -- Metasphere Labs Inc. ("Metasphere" or the "Company") (Cboe Canada: LABZ) (OTC: LABZF) (FRA: H1N), a Web3 and Metaverse technology leader based in British Columbia, is excited to announce that it wishes to enter into a Market Making Services Agreement dated April 8, 2024 (the "Agreement") with Independent Trading Group, Inc ("ITG") (address: 33 Yonge Street, Suite 420, Toronto, ON M5E 1G4, email: info@itg84.com, phone: 416-583-2194) for market making services. This partnership aims to enhance the liquidity and market efficiency of Metasphere's securities trading on Canadian exchanges.
ITG will leverage its market expertise to improve the trading environment for Metasphere's securities, focusing on enhancing market depth and stability. This collaboration aligns with Metasphere's commitment to regulatory compliance and shareholder value, offering a more robust trading experience and strategic market insights.
Under the Agreement, ITG will receive compensation of CAD$7,500 per month, payable monthly in advance for market making services. The Agreement is for an initial term, which is a minimum of one month, and is renewable for additional one-month terms unless terminated. The Agreement may be terminated by either party by providing written notice of termination at least 30 days prior to the end of the then current term. 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 Metasphere.
"We are delighted to partner with ITG," said Natasha Ingram, CEO of Metasphere Labs Inc. "This collaboration will enhance our market presence and support our mission to maximize shareholder value through improved liquidity and market visibility."
不列顛哥倫比亞省溫哥華,2024年4月5日(GLOBE NEWSWIRE)——總部位於不列顛哥倫比亞省的Web3和元界技術領導者Metasphere Labs Inc.(“Metasphere” 或 “公司”)(Cboe Canada:LABZ)(場外交易代碼:LABZF)(FRA:H1N)很高興地宣佈,它希望簽訂2024年4月8日的做市服務協議(“協議”)與獨立貿易集團公司(“ITG”)(地址:安大略省多倫多市楊格街33號,420套房,M5E 1G4,電子郵件:info@itg84.com,電話:416-583-2194)進行做市服務。該合作伙伴關係旨在提高Metasphere在加拿大交易所證券交易的流動性和市場效率。
ITG將利用其市場專業知識改善Metasphere證券的交易環境,重點是提高市場深度和穩定性。這種合作符合Metasphere對監管合規和股東價值的承諾,提供了更強大的交易體驗和戰略市場見解。
根據該協議,ITG每月將獲得7,500加元的補償,按月預付做市服務費。本協議的初始期限爲至少一個月,除非終止,否則可以再續訂一個月的期限。任何一方均可在當前期限結束前至少 30 天提供書面終止通知來終止本協議。協議中不包含任何績效因素,ITG不會獲得股票或期權作爲補償。ITG和公司是無關的非關聯實體,在協議簽訂時,ITG及其委託人均未直接或間接地在Metasphere的證券中擁有權益。
“我們很高興與ITG合作,” Metasphere Labs Inc.首席執行官娜塔莎·英格拉姆說,“這種合作將增強我們的市場佔有率,支持我們通過提高流動性和市場知名度來實現股東價值最大化的使命。”