Director/PDMR Shareholding - Notification of Transactions of Directors/Persons Discharging Managerial Responsibilities (PDMRs)

Amaroq

20/08/2024 09:30

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Toronto, Canada , Aug. 20, 2024 (GLOBE NEWSWIRE) -- (“Amaroq” or the
“Company”)

Director/PDMR Shareholding - Notification of Transactions of Directors/Persons
Discharging Managerial Responsibilities (PDMRs)

TORONTO, ONTARIO – August 20, 2024 – Amaroq Minerals Ltd. (AIM, TSXV,
NASDAQ Iceland: AMRQ), an independent mine development company with a
substantial land package of gold and strategic mineral assets in Southern
Greenland, announces that it was informed that Graham Stewart, Chairman of the
Board, Eldur Olafsson, Chief Executive Officer, Joan Plant, Executive VP,
Ellert Arnarson, CFO, and Non-Executive Directors Warwick Morley-Jepson and
David Neuhauser (indirectly through Livermore Partners LLC in which he is a
Managing Director), acquired 191 085 common shares of no par value in the
Company in total.

DEALING NOTIFICATION FORM

FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY

AND THEIR CLOSELY ASSOCIATED PERSONS

 1.  Details of the person discharging managerial responsibilities/person closely associated                                                                                                                                                                   
 a)  Name:                                                                                1) Graham Stewart 2) Eldur Olafsson 3) Joan Plant 4) Ellert Arnarson 5) Warwick Morley-Jepson 6) Livermore Partners LLC, David Neuhauser                             
 2.  Reason for the notification                                                                                                                                                                                                                               
 a)  Position/status:                                                                     1) Chairman of the Board 2) Chief Executive Officer 3) Executive Vice President 4) Chief Financial Officer 5) Non-Executive Director 6) Non-Executive Director       
 b)  Initial notification/Amendment                                                       Initial notification                                                                                                                                                 
 3.  Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor                                                                                                                                             
 a)  Name                                                                                 Amaroq Minerals Ltd.                                                                                                                                                 
 b)  LEI:                                                                                 213800Q21S5JQ6WKCE70                                                                                                                                                 
 4.  Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted                                                         
 a)  Description of the financial instrument, type of instrument:   Identification code:  Common shares of no par value in Amaroq Minerals Ltd.   ISIN: CA02312A1066                                                                                           
 b)  Nature of the transaction:                                                           Purchase of common shares of no par value in Amaroq Minerals Ltd.                                                                                                    
 c)  Price(s) and volume(s):                                                                                                                     Price(s)                                               Volume(s)                                              
     1)                                                                                                                                          GBP 0.615                                              8,130                                                  
     2)                                                                                                                                          CAD$ 1.0509                                            93,255                                                 
     3)                                                                                                                                          CAD$ 1.057                                             10,000                                                 
     4)                                                                                                                                          ISK 106.75                                             45,000                                                 
     5)                                                                                                                                          CAD$ 1.12                                              4,000                                                  
     6)                                                                                                                                          CAD$ 1.07                                              30,700                                                 
 d)  Aggregated information:  * Aggregated volume:                                        1) 8,130; GBP 0.615 2) 93,255; CAD$ 1.0509 3) 10,000; CAD$ 1.057 4) 45,000; ISK 106.75 5) 4,000; CAD$ 1.12 6) 30,700; CAD$ 1.07                                      
     * Average price:                                                                                                                                                                                                                                          
 e)  Date of the transaction(s):                                                          1) August 19, 2024 2) August 15, 2024 3) August 16, 2024 4) August 16, 2024 5) August 19, 2024 6) August 16, 2024                                                    
 f)  Place of the transaction                                                             1) AIM 2) TSXV 3) TSXV 4) XICE 5) TSXV 6) TSXV                                                                                                                       

Enquiries:

Amaroq Minerals Ltd.
Eldur Olafsson, Executive Director and CEO 
eo@amaroqminerals.com

Eddie Wyvill, Corporate Development
+44 (0)7713 126727
ew@amaroqminerals.com

Stifel Nicolaus Europe Limited (Nominated Adviser and Broker)
Callum Stewart
Varun Talwar
Simon Mensley
Ashton Clanfield
+44 (0) 20 7710 7600

Panmure Gordon (UK) Limited (Joint Broker)
Scott Mathieson
Kieron Hodgson
+44 (0) 20 7886 2500

Camarco (Financial PR)
Billy Clegg
Elfie Kent
Fergus Young
+44 (0) 20 3757 4980

For Corporation updates:
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Follow Amaroq Minerals Ltd. on LinkedIn

Further Information:

About Amaroq Minerals
Amaroq Minerals' principal business objectives are the identification,
acquisition, exploration, and development of gold and strategic metal
properties in South Greenland. The Company's principal asset is a 100%
interest in the past producing Nalunaq Gold mine which is due to go into
production towards the end of 2024. The Company has a portfolio of gold and
strategic metal assets in Southern Greenland covering the two known gold belts
in the region as well as advanced exploration projects at Stendalen and the
Sava Copper Belt exploring for Strategic metals such as Copper, Nickel, Rare
Earths and other minerals. Amaroq Minerals is continued under the Business
Corporations Act (Ontario) and wholly owns Nalunaq A/S, incorporated under the
Greenland Public Companies Act. 
Neither TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

Inside Information
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