Legible Inc. Announces Retention of Market Maker | Your money


VANCOUVER, British Columbia – (BUSINESS WIRE) – December 23, 2021–

Readable Inc. (CSE: LIRE) (” Legible “), a browser-based, mobile, globally accessible online eBook reading and publishing platform, today announced that it has retained Red Cloud Securities Inc. (Red Cloud) to launch its market making service and provide market making services to Legible in accordance with the policies and guidelines of the Canadian Stock Exchange (CSE) and other applicable regulations.

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Legible was created to usher in the future era of eBook reading and publishing through its browser-based, mobile, globally distributed eBook platform available to book enthusiasts around the world. . (Graphic: Business Wire)

Red Cloud will trade Legible shares on the CSE to the extent possible with the aim of maintaining a reasonable and consistent bid and offer spread and regular lot size for Legible common shares during the majority of trading hours. daily trading on the CSE, and provide liquidity as needed.

The agreement provides that Readable will pay Red Cloud $ 5,000 per month, payable quarterly in advance. The engagement may be terminated by either party upon written or verbal notice. Readable and Red Cloud are acting at arm’s length, but Red Cloud may provide investment banking services to Readable and / or its clients may have an interest, directly or indirectly, in securities of Readable.

The agreement is primarily aimed at maintaining market stability and liquidity for Legible common stock and is not a formal market making agreement. There are no performance factors contained in the agreement between Red Cloud and Legible, and Red Cloud will not receive any shares or options from Legible in consideration for the services it provides.

About Lisible Inc.

Legible is a new browser-based eBook reading platform that is revolutionizing the way readers, publishers, and authors connect. Founded by a team of authors, eBook publishers, designers and publishing industry insiders, Legible’s strategy is to provide readers around the world with open access to millions of books on any device connected to the Internet. Legible’s core values ​​- accessibility, sustainability, beauty and integrity – guide its continued commitment and active engagement in the promotion of literacy, justice, equity, diversity, inclusion and inclusion. a climate-conscious future around the world.

Visit Readable.com and find out where eBooks come to life!

Readers are invited to visit Legible’s curated Staff-Picks Library:

https://legible.com/ca/list/staff-picks

About Red Cloud Securities Inc.

Red Cloud Securities Inc. is an IIROC regulated securities brokerage firm providing issuers with a wide range of advisory, investment banking, research and distribution services.

Forward-looking information

Certain statements contained in this press release constitute “forward-looking information” and “forward-looking statements” as such terms are used in applicable Canadian securities laws. Forward-looking statements and information are based on management’s plans, expectations and estimates at the date the information is provided and are subject to certain factors and assumptions, including, among others, that the financial position and plans Legible’s development does not change as a result of unforeseen events and Legible’s ability to execute its business plans. Specifically, this press release contains forward-looking statements relating to Legible’s agreement with Red Cloud Securities Inc.

Forward-looking statements and information are subject to various risks and uncertainties, as well as other factors that could cause plans, estimates and actual results to vary materially from those anticipated in such forward-looking statements and information. Factors that could cause any forward-looking statements and information contained in this press release to change or be inaccurate include, without limitation, the risk that any of the assumptions mentioned may not prove to be valid or reliable, that events such as those mentioned above occur and result in delays, or stoppage of planned work, as Legible’s financial situation and development plans change, as well as other risks and uncertainties applicable to the industry in which Legible operates, and as set out in Legible’s public documents available under Legible’s profile at www.sedar.com.

The above summary of the assumptions and risks relating to forward-looking statements in this press release has been provided in order to provide shareholders and potential investors with a more complete perspective on the current and future operations of Legible and such information may not be suitable for other purposes. There is no representation by Legible that the actual results obtained will be the same in whole or in part as those referenced in the forward-looking statements and Legible does not undertake to publicly update or revise any of the forward-looking statements. included. statements, whether as a result of new information, future events or otherwise, except as required by applicable securities law.

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CONTACT: Kaleeg Hainsworth

Chairman and CEO Daniela Trnka

Head of Investor Relations Phone: 1 (672) 514-2665

Email: [email protected]

Website: Lisible.com

KEYWORD: NORTH AMERICA CANADA

INDUSTRY KEYWORD: MOBILE / WIRELESS TECHNOLOGY EDITION ENTERTAINMENT COMMUNICATIONS BOOKS INTERNET OTHER CONSUMER ELECTRONIC EDUCATION EDUCATION

SOURCE: readable inc.

Copyright Business Wire 2021.

PUB: 12/23/2021 4:15 p.m. / DISC: 12/23/2021 4:15 p.m.

http://www.businesswire.com/news/home/20211223005409/en

Copyright Business Wire 2021.


Virginia C. Taylor