REG - Amaroq Minerals Ltd - Director/PDMR Shareholding

Amaroq MineralsAnnouncement

15/07/2022 07:00

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RNS Number : 5743S  Amaroq Minerals Ltd  15 July 2022

("Amaroq Minerals" or the "Company")

Director/PDMR Shareholding - Notification of Transactions of Directors/Persons
Discharging Managerial Responsibilities (PDMRs), and Award of Stock options

TORONTO, ONTARIO - July 15, 2022 - Amaroq Minerals Ltd. (AIM, TSXV: AMRQ),
announces that on July 13, 2022 it was informed that Livermore Partners LLC, a
company in which David Neuhauser, Non-Executive Director of Amaroq Minerals,
is Managing Director, acquired a total of 35,700 common shares of no par value
in the Company. This brings Livermore Partners LLC's total holding to
12,016,410 shares, 6.78% of the capital in the Company.

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:                                                         Livermore Partners LLC, David Neuhauser
 2.     Reason for the notification
   a)   Position/status:                                              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:  Common shares of no par value in Amaroq Minerals Ltd.

        Identification code:                                          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)  CAD$ 0.63  31,200
                                                                      2)  CAD$ 0.63  4,500
   d)   Aggregated information:

        ·    Aggregated volume:                                       35,700

        ·

        ·    Average price:                                           CAD$ 0.63

   e)   Date of the transaction(s):

                                                                      1)         July 12(th), 2022

                                                                      2)         July 13(th), 2022

   f)   Place of the transaction                                      TXSV

  d)

Aggregated information:

·    Aggregated volume:

·

·    Average price:

 

 

35,700

 

CAD$ 0.63

 

  e)

Date of the transaction(s):

 

1)         July 12(th), 2022

2)         July 13(th), 2022

 

  f)

Place of the transaction

TXSV

 

 

 

Award of stock options

Amaroq Minerals also announces that it has granted 39,062 stock option awards
("Options") to an employee under the Corporation's Stock Option Plan.

The options have an exercise price of C$0.64 per share, vested immediately on
the date of grant, and will expire if they remain unexercised five years from
the date of the award.

 

 

Enquiries:

Amaroq Minerals Ltd.

Eldur Olafsson, Executive Director and CEO

+354 665 2003

eo@amaroqminerals.com

 

Eddie Wyvill, Investor Relations

+44 (0)7713 126727

ew@amaroqminerals.com

 

Stifel Nicolaus Europe Limited (Nominated Adviser and Broker)

Callum Stewart

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

 

SI Capital Limited (Joint Broker)

Nick Emerson

Charlie Stephenson

+44 (0) 1483 413500

 

 

Camarco (Financial PR)

Billy Clegg

Emily Hall

Charlie Dingwall

+44 (0) 20 3757 4980

For Company updates:

Follow @Amaroq_Minerals on Twitter

Follow Amaroq Mineral 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 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
7,615.85km(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.

 

Forward-Looking Information

This press release contains forward-looking information within the meaning of
applicable securities legislation, which reflects the Company's current
expectations regarding future events and the future growth of the Company's
business. In this press release there is forward-looking information based on
a number of assumptions and subject to a number of risks and uncertainties,
many of which are beyond the Company's control, that could cause actual
results and events to differ materially from those that are disclosed in or
implied by such forward-looking information. Such risks and uncertainties
include but are not limited to the factors discussed under "Risk Factors" in
the Final Prospectus available under the Company's profile on SEDAR at
www.sedar.com. Any forward-looking information included in this press release
is based only on information currently available to the Company and speaks
only as of the date on which it is made. Except as required by applicable
securities laws, the Company assumes no obligation to update or revise any
forward-looking information to reflect new circumstances or events. No
securities regulatory authority has either approved or disapproved of the
contents of this press release. 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

This announcement does not contain inside information.

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