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Jaxon Mining hires market maker

Integral will trade company shares with a view to maintaining an orderly market and improving liquidity
Jaxon Mining hires market maker
Jaxon Minerals is exploring in British Columbia

Resource group Jaxon Mining Inc (CVE:JAX) says it's hired Integral Wealth Securities to provide market-making services.

Integral will trade company shares with a view to maintaining an orderly market and improving liquidity, it said.

Jaxon will pay integral a monthly fee of $5,500 plus any reasonable costs and expenses incurred.

During an initial 12-month term, the company has a one-time right, after three months, to terminate the engagement, and after a year, it can be terminated by Jaxon with 30 days written notice.

Integral will not receive shares or options as compensation pursuant to the agreement.

However, Integral and its clients, may have or may acquire, a direct interest in the securities of the company.

Last week, the firm expanded its footprint in the Skeena Arch in British Columbia - as it revealed it would buy former producer - the Cronin silver-zinc-lead-gold mine.

The Skeena Arch is a northeast trending belt of uplifted Jurassic and older rocks that transects BC.

Cronin lies 15km southeast of Jaxon's Hazelton property and the geological occurrence represents what the group suspects to be the southern extent of its targeted mineralized trend.

Shares in Jaxon raced up in Toronto 13.79% to 33 Canadian cents.

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