CALGARY, AB, Feb. 11, 2022 /CNW/ - Alvopetro Energy Ltd.
(TSXV: ALV) (OTCQX: ALVOF) announces that, subject to regulatory
approval, it has engaged the services of Independent Trading Group
("ITG") to provide market-making services in accordance with TSX
Venture Exchange policies. ITG will trade shares of the Company on
the TSXV and all other trading venues with the objective of
maintaining a reasonable market and improving the liquidity of the
Company's common shares. Under the agreement, ITG will receive
compensation of CAD$4,000 per month,
payable monthly in advance. The agreement is for an initial term of
three months and will renew for additional one-month terms unless
terminated. The agreement may be terminated by either party with 30
days' notice. 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 the Company.
Social Media
Follow Alvopetro on our social media channels at the following
links:
Twitter:
https://twitter.com/AlvopetroEnergy
Instagram:
https://www.instagram.com/alvopetro/
LinkedIn:
https://www.linkedin.com/company/alvopetro-energy-ltd
YouTube:
https://www.youtube.com/channel/UCgDn_igrQgdlj-maR6fWB0w
Alvopetro Energy Ltd.'s vision is to
become a leading independent upstream and midstream operator in
Brazil. Our strategy is to unlock
the on-shore natural gas potential in the state of Bahia
in Brazil, building
off the development of our Caburé natural gas field and our
strategic midstream infrastructure.
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
All amounts contained in this new release are in
United States dollars, unless
otherwise stated and all tabular amounts are in thousands of
United States dollars, except as
otherwise noted.
SOURCE Alvopetro Energy Ltd.