Canadian Gold Corp. Taps Velocity Trade for Enhanced Market Liquidity

Canadian Gold Corp. (TSXV: CGC), a Toronto-based mineral exploration and development company, has enlisted the services of Velocity Trade Capital Ltd., an independent investment dealer, to enhance the liquidity of its shares on the TSX Venture Exchange. This strategic move aims to reduce trading volatility and uphold an orderly market for Canadian Gold’s shares.

Velocity Trade to Steer Market Stability

With its headquarters in Toronto and registrations for trading across several Canadian provinces, Velocity Trade is well-positioned to facilitate this market-making endeavor. Internationally, the firm is regulated by prominent authorities such as the UK’s Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC), further instilling confidence in their expertise.

The agreement, bearing a monthly fee of $5,000, allows either party to terminate with a 30-day notice after an initial 60-day period. It is important to note that this is not a related party transaction and is currently awaiting approval by the TSX Venture Exchange.

Canadian Gold’s Strategic Focus

Canadian Gold Corp., with a strategic eye on high-grade gold resource expansion at the Tartan Mine in Manitoba, also holds interests in properties adjacent to major mines and projects in Ontario and Quebec. Notably, the company is 36% owned by Robert McEwen, the founder and former CEO of Goldcorp, who is currently the Chairman and CEO of McEwen Mining.

The news release issued by Canadian Gold Corp. includes forward-looking statements. These statements, however, are subject to various risks and uncertainties that could potentially impact the company’s future performance and achievements.