DIAGNOS Announces the Engagement of Market Maker Consultant
17 Octubre 2024 - 2:45PM
Diagnos Inc. (“
DIAGNOS” or the
“
Corporation”) (TSX Venture: ADK) (OTCQB: DGNOF),
a pioneer in early detection of critical health issues through the
use of its FLAIRE platform based on Artificial Intelligence (AI),
announces today the engagement of Red Cloud Securities Inc. (“Red
Cloud”) to provide market making services to the Corporation.
As per the agreement signed between Red Cloud
and DIAGNOS, Red Cloud is entitled to a monthly flat fee of $7,000,
payable quarterly in advance in cash, for the period of October 17,
2024 to October 16, 2026 (the “Period”). During the Period, either
party may terminate the agreement with a thirty-day notice to the
other party.
As part of the services to be rendered to the
Corporation, Red Cloud undertakes to use its best efforts to (i)
maintain a reasonable and consistent bid and offer spread for the
Corporation’s common stocks and (ii) supply liquidity using its own
cash in hand. The services will mainly be rendered by Mr. Adam
Smith who is acting at arm’s length to the Corporation. As of the
date of this announcement, Red Cloud, together with Mr. Adam Smith,
own securities of the Corporation in the form of common shares and
shares warrants.
The engagement of Red Cloud remains subject to
the acceptance of the TSX Venture Exchange.
About Red CloudHeadquartered in
Toronto, Ontario, Red Cloud is registered as an Investment Dealer
in Ontario, Quebec, Alberta and British Columbia and is a member of
the Investment Industry Organization of Canada (IIROC). It is
focused on providing unique comprehensive capital market services
and innovative financing alternatives to the junior resource
sector. Red Cloud was founded by capital markets professionals who
designed the firm to service public and private companies. This
solution is a comprehensive platform that provides a full range of
unconflicted corporate access services. Offering these services as
a unified platform provides the ultimate value proposition for
issuer clients.
About DIAGNOSDIAGNOS is a
publicly traded Canadian corporation dedicated to early detection
of critical health problems based on its FLAIRE Artificial
Intelligence (AI) platform. FLAIRE allows for quick modifying and
developing of applications such as CARA (Computer Assisted Retina
Analysis). CARA’s image enhancement algorithms provide sharper,
clearer and easier-to-analyze retinal images. CARA is a
cost-effective tool for real-time screening of large volumes of
patients.
Additional information is available at
www.diagnos.ca and www.sedarplus.com.
This news release contains forward-looking
information. There can be no assurance that forward-looking
information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in these
statements. DIAGNOS disclaims any intention or obligation to
publicly update or revise any forward-looking information, whether
as a result of new information, future events or otherwise. The
forward-looking information contained in this news release is
expressly qualified by this cautionary statement.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
For further information, please contact:
Mr. André Larente, President
DIAGNOS Inc.
Tel: 450-678-8882 ext. 224
alarente@diagnos.ca
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