Red Cloud liquidity services, led by veteran trader Adam Smith and his liquidity team, will trade shares of RESAAS on the TSX-V for the purposes of maintaining a reasonable market and improving the liquidity of RESAAS's common shares.
"Building a stronger and more liquid market for the Company's stock will benefit all RESAAS shareholders and potential investors," said
Red Cloud is a decade plus established
The term of engagement is ongoing and may be terminated by either party on 30 days' prior written notice. The Company and Red Cloud have an arm's length relationship, but Red Cloud and/or its clients may have an interest, directly or indirectly, in the securities of RESAAS. The agreement is principally for the purposes of maintaining market stability and liquidity for the Company's common shares and is not a formal market making agreement. Under the terms of the agreement, the Company will pay Red Cloud
RESAAS is an award-winning global technology platform for the real estate industry. With over 500,000 real estate agents utilizing RESAAS in 160 countries, RESAAS enables real-time industry communication, delivers new business opportunities and captures unique real estate data. Some of real estate's biggest brands leverage RESAAS to provide business intelligence to real estate brokerages, franchises and associations. For more information, please visit https://www.resaas.com.
The
The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from
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