WHITEHORSE, YT, March 29,
2022 /CNW/ - Minto Metals Corp. ("Minto" or the
"Company") (TSXV: MNTO) today announced that it has retained
Haywood Securities Inc. ("Haywood") for its market-making service
to assist in maintaining an orderly trading market for the common
shares of the Company.
The market-making service will be undertaken by Haywood as an
arm's length party to the Company and in compliance with the
applicable policies of the TSX Venture Exchange and other
applicable laws. Haywood has no present interest, directly or
indirectly, in the Company or its securities except that its
clients and members of its pro group may own shares of the Company
from time to time. The finances and the shares required for the
market-making service are provided by Haywood.
For its services, the Company has agreed to pay Haywood
$7,500 per month for a period of 12
months. The agreement may be terminated at any time by the Company
or Haywood provided that the terminating party provides 30 days'
prior written notice of such intention to terminate.
About Haywood Securities
Founded in 1981, Haywood is a 100% employee-owned investment
dealer with more than 300 employees in its Canadian offices in
Vancouver, Calgary, and Toronto. Haywood Securities Inc. is a member
of the Toronto Stock Exchange, the TSX Venture Exchange, the
Montreal Exchange (MEX), the Canadian Securities Exchange (CSE),
the Canadian Investor Protection Fund (CIPF), and the Investment
Industry Regulatory Organization of Canada (IIROC). In addition, Haywood
Securities (USA) Inc., a
wholly-owned subsidiary, is a broker-dealer registered to transact
securities business in the United
States and is a member of the Financial Industry
Regulatory Authority (FINRA). For more information please visit
www.haywood.com.
About Minto Metals Corp.
Minto owns and operates the producing Minto mine located in the
Minto Copper Belt of the Yukon,
Canada. The Minto mine has been in operation since 2007 with
underground mining commencing in 2014. Since 2007, approximately
500Mlbs of copper have been produced from the Minto mine.
Capstone Mining (previous owners) put the Minto mine into care
& maintenance in 2018 and the mine operations were shut
down. In mid-2019, Minto (formerly Minto Explorations Ltd.)
purchased the Minto mine operation and restarted the mine. The
current Minto mine includes underground mining operations, a
processing plant that produces a high-grade copper, gold, and
silver concentrate, and all supporting infrastructure associated
with operating a remote mine located in Yukon. The Minto mine property is located on
the Selkirk First Nation's Territory, sitting about 20 km WNW of
Minto Landing on the west side of
the Yukon River. Minto Landing
is located on the east side of the Yukon River approximately 250
road-km north of the City of
Whitehorse, the capital city of the Yukon.
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 release.
SOURCE Minto Metals Corp.