West Point Gold Engages ICP Securities for Automated Market Making

West Point Gold Corp. (TSXV: WPG) (OTCQB: WPGCF) (FSE: LRA0) has announced the engagement of ICP Securities Inc. ("ICP") to provide automated market making services, including the use of its proprietary algorithm, ICP Premium™. This strategic move is expected to enhance liquidity and quote health for the company's shares, ultimately benefiting both West Point Gold and its investors.



ICP, a Toronto-based CIRO dealer-member, specializes in automated market making and liquidity provision. Its proprietary algorithm, ICP Premium™, is designed to enhance liquidity and quote health, making it an ideal partner for West Point Gold. The agreement between West Point Gold and ICP is in compliance with the policies and guidelines of the TSX Exchange and other applicable legislation, ensuring that the company operates within the bounds of regulatory requirements.

The engagement of ICP Securities Inc. for automated market making services is expected to have a positive impact on the liquidity and volatility of West Point Gold Corp.'s shares in both the short and long term. Here's how:

1. Short-term impact:
- Liquidity: ICP's proprietary algorithm, ICP Premium™, is designed to enhance liquidity by correcting temporary imbalances in supply and demand. This means that ICP will be buying and selling West Point Gold's shares to maintain a healthy order book, making it easier for other investors to trade the stock. This increased trading activity should lead to higher liquidity in the short term.
- Volatility: While market making can introduce some volatility in the short term, ICP's activity is primarily aimed at correcting imbalances, which should help stabilize West Point Gold's share price. Additionally, increased trading activity can lead to a more efficient price discovery process, reducing the impact of sudden price movements.

2. Long-term impact:
- Liquidity: As ICP continues to provide market making services, the increased liquidity should attract more investors to West Point Gold's shares. This can lead to a larger and more diverse shareholder base, further enhancing liquidity in the long term.
- Volatility: Over the long term, the increased liquidity and the presence of a market maker should help reduce volatility. As more investors become interested in West Point Gold's shares, the price will be less susceptible to sudden, large movements. Additionally, as the company's fundamentals improve (e.g., through successful exploration and development projects), the share price should become more stable, further reducing volatility.

In conclusion, the engagement of ICP Securities Inc. for automated market making services is expected to lead to increased liquidity and reduced volatility for West Point Gold Corp.'s shares in both the short and long term. This should make the stock more attractive to investors and facilitate better price discovery. As West Point Gold continues to develop its projects and improve its fundamentals, the positive impact of this engagement should become increasingly apparent.