Water Ways Technologies Inc. (Water Ways) (TSXV: WWT) announces that it has engaged the services of Lakeshore Securities Inc. (“Lakeshore”) to provide services as a market maker. Lakeshore has been engaged for an initial term of three months, at a fee of up to $5,000 per month. No stock options are being granted in connection with the engagement.
Lakeshore is a Canadian securities dealer located in Toronto, Ontario that provides advisory and brokerage services to institutional, retail and high net worth individual investors while also providing fee-based market maker services to TSX Venture Exchange listed companies. Lakeshore is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and a member of the Canadian Investor Protection Fund (CIPF).
Lakeshore is arm’s length to the Company. Lakeshore’s market making activity will be primarily to correct temporary imbalances in the supply and demand of the Company’s shares. Lakeshore will be responsible for the costs it incurs in buying and selling the Company’s shares, and no third party will be providing funds or securities for the market making activities.