From Financialpost · · 1m 10s
Kane Biotech Engages ITG for Market Making
Kane Biotech hires ITG to boost trading liquidity for its shares.
In brief
Kane Biotech hires ITG to boost trading liquidity for its shares. Kane Biotech Inc. engages Independent Trading Group to provide market-making services, aiming to improve liquidity for its common shares on the TSXV. Originally reported by Financialpost.
Kane Biotech Announces Market-Making Agreement
Kane Biotech Inc. announced it has engaged Independent Trading Group to provide market-making services for its common shares on the TSXV.
ITG Provides Liquidity Services
ITG will trade Kane Biotech shares on the TSXV and other venues to maintain a reasonable market and improve liquidity.
Monthly Fee Structure
ITG receives $5,000 per month plus taxes, payable on the first business day of each month.
Agreement Terms
The agreement has an initial term of one month and auto-renews for successive one-month terms unless terminated with 30 days' written notice.
No Performance-Based Compensation
ITG will not receive shares or options and has no direct or indirect interest in Kane Biotech securities.
What Kane Biotech Does
Kane Biotech develops wound care treatments that disrupt biofilms to improve healing outcomes and reduce antibiotic resistance.
What to remember
Kane Biotech Inc. engages Independent Trading Group to provide market-making services, aiming to improve liquidity for its common shares on the TSXV.
