{"id":2788,"date":"2025-07-17T17:31:30","date_gmt":"2025-07-17T17:31:30","guid":{"rendered":"https:\/\/moderncryptotrader.com\/index.php\/2025\/07\/17\/pinnacle-engages-itg-as-market-maker-and-closes-shares-for-debt-settlement\/"},"modified":"2025-07-17T17:31:30","modified_gmt":"2025-07-17T17:31:30","slug":"pinnacle-engages-itg-as-market-maker-and-closes-shares-for-debt-settlement","status":"publish","type":"post","link":"https:\/\/moderncryptotrader.com\/index.php\/2025\/07\/17\/pinnacle-engages-itg-as-market-maker-and-closes-shares-for-debt-settlement\/","title":{"rendered":"Pinnacle Engages ITG as Market Maker and Closes Shares for Debt Settlement"},"content":{"rendered":"<\/p>\n
\u00a0<\/p>\n

(TheNewswire) <\/p>\n

\u00a0<\/p>\n

\u00a0\u00a0<\/p>\n\n\n\n\n
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\u00a0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

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\u00a0 Under the agreement, ITG will receive compensation of CAD$5,000\u00a0per month, payable monthly in advance. \u00a0The agreement is for an initial term of one month and will renew for additional one-month terms unless terminated. \u00a0The agreement may be terminated by either party with 30 days’ notice. \u00a0There are no performance factors contained in the agreement and ITG will not receive shares or options as compensation. \u00a0ITG 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 <\/span>\u00a0 . <\/span>\u00a0<\/p>\n

\u00a0<\/p>\n

Shares for Debt Settlement <\/p>\n

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\u00a0 Further to the Company’s news release of June 16, 2025, it has received TSXV acceptance of the agreements with certain creditors to accept shares in the Company in settlement of their debt. <\/span>\u00a0 The aggregate number of shares to be issued is 2,376,667 at a price of $0.06 per share, for settlement of $142,600.00. <\/span>\u00a0 All securities issued will be subject to a four-month hold period which will expire on the date that is four months and one day from the date of issue. <\/span>\u00a0<\/p>\n

\u00a0<\/p>\n

\u00a0 The issuance of 2,376,667 <\/span>\u00a0 common shares to directors and officers of the Company constitutes a ‘related party transaction’ as this term is defined in Multilateral Instrument 61-101: Protection of Minority Securityholders in Special Transactions (‘ <\/span>\u00a0 MI 61-101 <\/span>\u00a0 ‘). The directors and officers of the Company, acting in good faith, determined that the fair market value of the common shares being issued pursuant to the shares for debt transaction and the consideration being paid is reasonable. The Company intends to rely on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 as neither the fair market value of the common shares nor the debt exceeds 25% of the Company’s market capitalization. <\/span>\u00a0<\/p>\n

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About Independent Trading Group <\/p>\n

\u00a0<\/p>\n

\u00a0 Independent Trading Group (ITG) Inc. is a Toronto based CIRO dealer-member that specializes in market making, liquidity provision, agency execution, ultra-low latency connectivity, and bespoke algorithmic trading solutions.\u00a0 Established in 1992, with a focus on market structure, execution and trading, ITG has leveraged its own proprietary technology to deliver high quality liquidity provision and execution services to a broad array of public issuers and institutional investors. <\/span>\u00a0<\/p>\n

\u00a0<\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0 About Pinnacle Silver and Gold Corp.\u00a0<\/span>\u00a0<\/p>\n

\u00a0<\/p>\n

\u00a0 Pinnacle <\/span>\u00a0 is <\/span>\u00a0 focused <\/span>\u00a0 on <\/span>\u00a0 district-scale <\/span>\u00a0 exploration <\/span>\u00a0 for <\/span>\u00a0 precious <\/span>\u00a0 metals <\/span>\u00a0 in the Americas. \u00a0The 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 <\/span>\u00a0 . <\/span>\u00a0 In the prolific <\/span>\u00a0 Red <\/span>\u00a0 Lake <\/span>\u00a0 District <\/span>\u00a0 of <\/span>\u00a0 northwestern <\/span>\u00a0 Ontario, the Company owns a 100% <\/span>\u00a0 interest in the <\/span>\u00a0 past-producing, <\/span>\u00a0 high-grade <\/span>\u00a0 Argosy <\/span>\u00a0 Gold <\/span>\u00a0 Mine and the adjacent North Birch <\/span>\u00a0 Project <\/span>\u00a0 with an eight-kilometre-long target horizon <\/span>\u00a0 . <\/span>\u00a0 With <\/span>\u00a0 a <\/span>\u00a0 seasoned, <\/span>\u00a0 highly <\/span>\u00a0 successful <\/span>\u00a0 management <\/span>\u00a0 team <\/span>\u00a0 and <\/span>\u00a0 quality <\/span>\u00a0 projects, <\/span>\u00a0 Pinnacle <\/span>\u00a0 Silver <\/span>\u00a0 and <\/span>\u00a0 Gold <\/span>\u00a0 is committed <\/span>\u00a0 to <\/span>\u00a0 building <\/span>\u00a0 long <\/span>\u00a0 -term <\/span>\u00a0 , <\/span>\u00a0 sustainable <\/span>\u00a0 value <\/span>\u00a0 for <\/span>\u00a0 shareholders. <\/span>\u00a0<\/p>\n

\u00a0<\/p>\n

\u00a0 Signed: ‘Robert A. Archer’ <\/span>\u00a0<\/p>\n

\u00a0<\/p>\n

\u00a0 President & CEO <\/span>\u00a0<\/p>\n

\u00a0<\/p>\n

\u00a0\u00a0\u00a0 For further information contact <\/span>\u00a0 : <\/span>\u00a0<\/p>\n

\u00a0<\/p>\n

\u00a0 Email: <\/span>\u00a0\u00a0\u00a0 info@pinnaclesilverandgold.com <\/span>\u00a0<\/span>\u00a0\u00a0<\/p>\n

\u00a0<\/p>\n

\u00a0 Tel.: \u00a0+1 (877) 271-5886 ext. 110 <\/span>\u00a0<\/p>\n

\u00a0<\/p>\n

\u00a0\u00a0\u00a0 Website: <\/span>\u00a0\u00a0\u00a0 www.pinnaclesilverandgold.com <\/span>\u00a0<\/span>\u00a0\u00a0<\/p>\n

\u00a0<\/p>\n

\u00a0 Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release <\/span>\u00a0 . <\/span>\u00a0<\/p>\n

\u00a0<\/p>\n

Copyright (c) 2025 TheNewswire – All rights reserved. <\/p>\n

\u00a0<\/p>\n<\/p>\n

\u00a0<\/p>\n<\/div>\n

News Provided by TheNewsWire via QuoteMedia<\/p>\n<\/p>\n

This post appeared first on investingnews.com<\/div>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0 (TheNewswire) \u00a0 \u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0 \u00a0\u00a0 \u00a0 Under the agreement, ITG will receive compensation…<\/p>\n","protected":false},"author":1,"featured_media":2789,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-2788","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/moderncryptotrader.com\/index.php\/wp-json\/wp\/v2\/posts\/2788","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/moderncryptotrader.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/moderncryptotrader.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/moderncryptotrader.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/moderncryptotrader.com\/index.php\/wp-json\/wp\/v2\/comments?post=2788"}],"version-history":[{"count":0,"href":"https:\/\/moderncryptotrader.com\/index.php\/wp-json\/wp\/v2\/posts\/2788\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/moderncryptotrader.com\/index.php\/wp-json\/wp\/v2\/media\/2789"}],"wp:attachment":[{"href":"https:\/\/moderncryptotrader.com\/index.php\/wp-json\/wp\/v2\/media?parent=2788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/moderncryptotrader.com\/index.php\/wp-json\/wp\/v2\/categories?post=2788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/moderncryptotrader.com\/index.php\/wp-json\/wp\/v2\/tags?post=2788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}