Pinnacle Engages ITG as Market Maker and Closes Shares for Debt Settlement
(TheNewswire)
VANCOUVER, BRITISHCOLUMBIA – TheNewswire - July 17, 2025 (TSXV: PINN, OTC: PSGCF, Frankfurt:P9J) – Pinnacle Silver and Gold Corp.("Pinnacle" or the “Company") is pleased to announcethat, subject to regulatory approval, it hasengaged the services of Independent Trading Group ("ITG") toprovide market-making services in accordance with TSXV policies. ITGwill trade shares of the Company on the TSXV and all other tradingvenues with the objective of maintaining a reasonable market andimproving the liquidity of the Company's common shares.
Under the agreement, ITG will receive compensation ofCAD$5,000 per month, payable monthly in advance. The agreement isfor an initial term of one month and will renew for additionalone-month terms unless terminated. The agreement may be terminatedby either party with 30 days' notice. There are no performancefactors contained in the agreement and ITG will not receive shares oroptions as compensation. ITG and the Company are unrelated andunaffiliated entities and at the time of the agreement, neither ITGnor its principals have an interest, directly or indirectly, in thesecurities of the Company.
Shares for Debt Settlement
Further to the Company’s news release of June 16,2025, it has received TSXV acceptance of the agreements with certaincreditors to accept shares in the Company in settlement of their debt. The aggregate number of shares to be issued is2,376,667 at a price of $0.06 per share, for settlement of$142,600.00. All securities issued will besubject to a four-month hold period which will expire on the date thatis four months and one day from the date of issue.
The issuance of 2,376,667 commonshares to directors and officers of the Company constitutes a"related party transaction" as this term is defined inMultilateral Instrument 61-101: Protection of Minority Securityholdersin Special Transactions ("MI 61-101"). The directors and officersof the Company, acting in good faith, determined that the fair marketvalue of the common shares being issued pursuant to the shares fordebt transaction and the consideration being paid is reasonable. TheCompany intends to rely on the exemptions from the valuation andminority shareholder approval requirements of MI 61-101 contained insections 5.5(a) and 5.7(1)(a) of MI 61-101 as neither the fair marketvalue of the common shares nor the debt exceeds 25% of the Company'smarket capitalization.
About Independent Trading Group
Independent Trading Group (ITG) Inc.is a Toronto based CIRO dealer-member that specializes in marketmaking, liquidity provision, agency execution, ultra-low latencyconnectivity, and bespoke algorithmic trading solutions. Establishedin 1992, with a focus on market structure, execution and trading, ITGhas leveraged its own proprietary technology to deliver high qualityliquidity provision and execution services to a broad array of publicissuers and institutional investors.
About Pinnacle Silver and Gold Corp.
Pinnacle is focused on district-scale exploration for precious metals in the Americas. The
high-grade Potrero gold-silver project in Mexico’s Sierra Madre Belt
hosts an underexplored low-sulphidation epithermal vein system and
provides the potential for near-term production. In the prolific Red Lake District of northwestern Ontario, the Company owns
a 100% interest in the past-producing, high-grade Argosy Gold Mine
and the adjacent North Birch Project
with an eight-kilometre-long target horizon. With a
seasoned, highly successful management team and quality projects, Pinnacle Silver and Gold is
committed to
building long-term, sustainable value for shareholders.
Signed: “Robert A. Archer”
President & CEO
For
further information contact:
Email: info@pinnaclesilverandgold.com
Tel.: +1 (877) 271-5886 ext. 110
Website: www.pinnaclesilverandgold.com
Neither the TSXVenture Exchange nor the Investment Industry Regulatory Organizationof Canada accepts responsibility for the adequacy or accuracy of thisrelease.
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