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LONDON, March 3, 2021 /CNW/ - Meridian Mining UK S
(TSXV: MNO) ("Meridian" or the "Company") today 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 ("TSX-V") policies. ITG
will trade shares of the Company on the TSX-V 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$5,000 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.
About Independent Trading Group
ITG is an independent, privately held broker-dealer based in
Toronto, Ont., that provides a
wide range of financial and investment services, and is registered
with the Canadian Securities Exchange, NEO, Toronto Stock Exchange
and TSX-V along with the Investment Industry Regulatory
Organization of Canada
(IIROC).
On behalf of the Board of Directors of Meridian Mining UK S
Mr. Gilbert Clark
Executive Chairman
Meridian Mining UK S
Email: info@meridianmining.net.br
Ph: +1 (778) 715-6410 (PST)
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Follow Meridian on Twitter:
https://twitter.com/MeridianMining
Further information can be found at www.meridianmining.co
ABOUT MERIDIAN
Meridian Mining UK S is focused on the acquisition, exploration
and development activities in Brazil. The Company is currently focused on
developing the Cabaçal VMS Copper-Gold project in the state of
Mato Grosso; exploring the Espigão
polymetallic project, the Mirante da Serra manganese project, and
the Ariquemes tin portfolio in the State of Rondônia Brazil.
FORWARD-LOOKING STATEMENTS
Some statements in this news release contain forward-looking
information or forward-looking statements for the purposes of
applicable securities laws. These statements include, among
others, statements with respect to the Company's plans for
exploration, development and exploitation of its properties and
potential mineralisation. These statements address future
events and conditions and, as such, involve known and unknown
risks, uncertainties and other factors, which may cause the actual
results, performance or achievements to be materially different
from any future results, performance or achievements expressed or
implied by the statements. Such risk factors include, among others,
failure to obtain regulatory approvals, failure to complete
anticipated transactions, the timing and success of future
exploration and development activities, exploration and development
risks, title matters, inability to obtain any required third party
consents, operating risks and hazards, metal prices, political and
economic factors, competitive factors, general economic conditions,
relationships with strategic partners, governmental regulation and
supervision, seasonality, technological change, industry practices
and one-time events. In making the forward-looking
statements, the Company has applied several material assumptions
including, but not limited to, the assumptions that: (1) the
proposed exploration, development and exploitation of mineral
projects will proceed as planned; (2) market fundamentals will
result in sustained metals and minerals prices and (3) any
additional financing needed will be available on reasonable
terms. The Company expressly disclaims any intention or
obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise
except as otherwise required by applicable securities
legislation.
The Company cautions that it has not completed any feasibility
studies on any of its mineral properties, and no mineral reserve
estimate or mineral resource estimate has been established.
Geophysical exploration targets are preliminary in nature and not
conclusive evidence of the likelihood of a mineral deposit.
The TSX Venture Exchange has neither approved nor disapproved
the contents of this news release. Neither 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 Meridian Mining S.E.
