TORONTO, March 22, 2022 (GLOBE NEWSWIRE) -- Nobel Resources Corp. (TSX – V: NBLC; OTC: NBTRF) (the “Company” or “Nobel”) has engaged the services of Generation IACP Inc. (“Generation”) to provide services as a market maker in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. Generation will receive a fee of C$7,500 plus applicable taxes per month. The agreement between the Company and Generation is for an initial term of six (6) months and shall be automatically renewed for subsequent six (6) month periods (collectively, the “Term”) unless the Company provides written notice of termination to Generation at least 30 days prior to the end of the Term or Generation provides a written notice of termination to the Company. Commencing on the first anniversary of the agreement, the fee payable to Generation will automatically increase annually by 3.0%. No stock options or other compensation are being granted in connection with the engagement. Generation does not currently own any securities of the Company; however, Generation and its clients may acquire an interest in the securities of the Company in the future.
Nobel Engages Generation IACP Inc. For Market Making Services
Mar 22, 2022
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