|
SPOKANE, WASHINGTON--(Marketwire - Oct. 28, 2011) - Josephine Mining Corp. ("Josephine" or the "Company") (TSX VENTURE:JMC) today announced, further to the engagement of CHF Investor Relations as previously announced on October 6, 2011, and subject to TSX Venture Exchange approval, that CHF's Market Liquidity Program has been initiated to improve liquidity.
The Market Liquidity Program, more commonly referred to as market-making, will be conducted through CHF Investor Relations' Calgary office using a registered broker, Mackie Research Corporation, in compliance with Policy 3.4 of the TSX Venture Exchange Corporate Finance Manual, IIROC's Universal Market Integrity Rules & Policies (2010) and other relevant policies, so that trading orders in the Company's shares are made to manage volatility and imbalance of orders to improve liquidity. As per Policy 3.4, section 2.8 that states in part "an Issuer may not use its own funds, or provide direct or indirect compensation to other parties to undertake a market-making function in its securities," Josephine and CHF confirm that capital for the purposes of market-making has not and will not be provided from Josephine's treasury. |
