REG - Amaroq Minerals Ltd - Award of Stock Options & Block Listing Application

Amaroq MineralsAnnouncement

03/08/2023 18:00

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RNS Number : 2798I  Amaroq Minerals Ltd  03 August 2023

 

 

 

("Amaroq" or the "Company")

 

Award of Stock Options & Block Listing Application

 

TORONTO, ONTARIO - August 03, 2023 - Amaroq Minerals Ltd. (AIM, TSXV, NASDAQ
First North: AMRQ), an independent mine development company with a substantial
land package of gold and strategic mineral assets covering an area of
7,866.85 km(2) in Southern Greenland, announces that on 24 July 2023 it
granted an on-hire incentive stock option award to a new employee of Amaroq
Minerals.

The option award gives the employee the right to acquire up to 19,480 common
shares under the Company's stock option plan ("Amaroq Minerals Stock Option
Plan"). The option has an exercise price of C$0.77 per share and will vest on
24 October 2023. The option will expire if it remains unexercised five years
from the date of the award.

Block Listing Application

As a result of the option award, Amaroq has made an application to the London
Stock Exchange for a block listing of securities in respect of the 19,480
common shares (the "New Common Shares") to be admitted to trading on AIM, with
admission expected to become effective on or around 10 August 2023.

The New Common Shares are being reserved and will be issued as required in
order to cover the future exercise of the options. When issued, the New Common
Shares will be credited as fully paid and will rank pari passu in all respects
with the existing ordinary shares of no par value in the capital of the
Company.

Enquiries:

Amaroq Minerals ltd.

Eldur Olafsson, Director and CEO

+354 665 2003
eo@amaroqminerals.com (mailto:eo@amaroqminerals.com)

 Eddie Wyvill, Investor Relations

+44 (0) 7713 126727
ew@amaroqminerals.com (mailto: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)

John Prior

Hugh Rich

Dougie Mcleod

+44 (0) 20 7886 2500

 

Camarco (Financial PR)

Billy Clegg

Elfie Kent

Charlie Dingwall

+44 (0) 20 3757 4980

 

For Company updates:

Follow @Amaroqminerals on Twitter

Follow Amaroq Minerals Inc. on LinkedIn

 

About Amaroq Minerals

Amaroq Minerals' principal business objectives are the identification,
acquisition, exploration, and development of gold and strategic metal
properties in Greenland. The Company's principal asset is a 100% interest in
the Nalunaq Project, an advanced exploration stage property with an
exploitation license including the previously operating Nalunaq gold mine. The
Corporation has a portfolio of gold and strategic metal assets
covering 7,866.85km(2), the largest mineral portfolio in Southern
Greenland covering the two known gold belts in the region. Amaroq
Minerals is incorporated under the Canada Business Corporations Act and
wholly owns Nalunaq A/S, incorporated under the Greenland Public Companies
Act.

Inside Information

This announcement does not contain inside information

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