Midwest Energy Emissions Corp. (TSXV: MEEC) (OTCQB: MEEC) ("ME2C Environmental" or the "Company"), a leading environmental technologies firm, announced today that it has retained Independent Trading Group, Inc. ("ITG") as a market maker for its shares traded on the TSX Venture Exchange ("TSX-V"). The Company announced on July 10, 2023, that it would begin trading on the TSX-V as a "Tier 1 Industrial, Technology Issuer" on July 10, 2023, under the ticker symbol "MEEC".
ITG, based in Toronto, Ontario, and a participant on all Canadian trading venues and U.S. exchanges, will provide market making services to trade ME2C Environmental shares on the TSX-V, adhering to regulatory exchange policies to maintain a reasonable, fair market and to enhance the liquidity of the Company's shares.
Richard MacPherson, Chief Executive Officer of ME2C Environmental, commented, "ITG has become the standard in creating a strong market position in Canada, and we are excited to engage them in support of our new listing on the TSX-V. We expect our current long-term Canadian investors to gain considerable value and benefit from ITG's representation as we work to grow our shareholder base across North America and beyond," continued MacPherson.
"Our appointment of ITG is a strategic complement to our Canadian-based management team members, including our retaining Adelaide Capital, an established investor relations firm in Canada, and leadership provided by our new CFO and Director. Strongly entrenched in Canada, we anticipate realizing significant value for our shareholders across North America as we continue to grow our business in other markets and introduce new environmental technologies," concluded MacPherson.
The Company's contract with ITG is for an initial three-month period with automatic monthly extensions thereafter for a monthly fee of $5,000CAD. ITG will not receive shares or options as compensation for its services. ITG and ME2C Environmental are unrelated and unaffiliated entities and, at the time of the agreement for ITG's services, to the knowledge of the Company, neither ITG nor its principals have an interest, directly or indirectly, in the securities of the Company.
