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REG - Amaroq Minerals Ltd - Holding(s) in Company

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RNS Number : 4388F  Amaroq Minerals Ltd  04 November 2022

 

 

 

 

 

("Amaroq" or the "Company")

 

Notification of Holdings

 

TORONTO, ONTARIO - November 4, 2022 - Amaroq Minerals Ltd. (AIM, TSXV, NASDAQ
First North: AMRQ - formerly AEX Gold Inc.), 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, has received the
following three TR-1 notifications as a result of its recent fundraising:

 

I.        TR-1: Standard form for notification of major holdings

 

 NOTIFICATION OF MAJOR HOLDINGS

 1a. Identity of the issuer or the underlying issuer of existing shares to                                                                                                           Amaroq Minerals Ltd.
 which voting rights are attached:
 1b. Please indicate if the issuer is a non-UK issuer  (please mark with an
 "X" if appropriate)
 Non-UK issuer                                                                                                                                                                                         X
 2. Reason for the notification (please mark the appropriate box or boxes with
 an "X")
 An acquisition or disposal of voting rights                                                                                                                                                           X
 An acquisition or disposal of financial instruments
 An event changing the breakdown of voting rights
 Other (please specify):
 3. Details of person subject to the notification obligation
 Name                                                                                                                                                                                JLE Property Ltd
 City and country of registered office (if applicable)                                                                                                                               Lichfield, England
 4. Full name of shareholder(s) (if different from 3.)
 Name
 City and country of registered office (if applicable)
 5. Date on which the threshold was crossed or reached:                                                                                                                              3 November 2022
 6. Date on which issuer notified (DD/MM/YYYY):                                                                                                                                      4 November 2022
 7. Total positions of person(s) subject to the notification obligation
                                                                            % of voting rights attached to shares (total of 8. A)  % of voting rights through financial instruments  Total of both in % (8.A + 8.B)      Total number of voting rights held in issuer (8.A + 8.B)

(total of 8.B 1 + 8.B 2)
 Resulting situation on the date on which threshold was crossed or reached  7.4%                                                   -                                                 7.4%                                19,407,936
 Position of previous notification (if                                      2.9%                                                   -                                                 2.9%

 applicable)

 

 8. Notified details of the resulting situation on the date on which the
 threshold was crossed or reached
 A: Voting rights attached to shares
 Class/type of                 Number of voting rights                                          % of voting rights

shares

 ISIN code (if possible)
                                                        Direct                                  Indirect                                        Direct                                      In

                                           di
                                                        (DTR5.1)                                 (DTR5.2.1)                                     (DTR5.1)                                    re
                                                                                                                                                                                            ct

                                                                                                                                                                                            (D
                                                                                                                                                                                            TR
                                                                                                                                                                                            5.
                                                                                                                                                                                            2.
                                                                                                                                                                                            1)
 CA02312A1066                  19,407,936                                                       7.4%

 SUBTOTAL 8. A                 19,407,936                                                       7.4%

 B 1: Financial Instruments according to DTR5.3.1R (1) (a)
 Type of financial instrument  Expiration               Exercise/                               Number of voting rights that may be acquired if the instrument is       % of voting rights

date
Conversion Period

                                                                                                exercised/converted.

                                                        SUBTOTAL 8. B 1

 B 2: Financial Instruments with similar economic effect according to DTR5.3.1R
 (1) (b)
 Type of financial instrument                   Expiration       Exercise/           Physical or cash                   Number of voting rights                         % of voting rights

date
Conversion Period

                                                                                     Settlement

                                                                                     SUBTOTAL 8.B.2

 

 9. Information in relation to the person subject to the notification
 obligation (please mark the

 applicable box with an "X")
 Person subject to the notification obligation is not controlled by any natural
 person or legal entity and does not control any other undertaking(s) holding
 directly or indirectly an interest in the (underlying) issuer
 Full chain of controlled undertakings through which the voting rights and/or
 the

financial instruments are effectively held starting with the ultimate
 controlling natural person or legal entity (please add additional rows as
 necessary)
 Name                        % of voting rights if it equals or is higher than the notifiable threshold  % of voting rights through financial instruments if it equals or is higher  Total of both if it equals or is higher than the notifiable threshold
                                                                                                         than the notifiable threshold

 10. In case of proxy voting, please identify:
 Name of the proxy holder
 The number and % of voting rights held
 The date until which the voting rights will be held

 11. Additional information

 

 Place of completion  Lichfield, England
 Date of completion   4 November 2022

 

 

 

II.       TR-1: Standard form for notification of major holdings

 

 NOTIFICATION OF MAJOR HOLDINGS

 1a. Identity of the issuer or the underlying issuer of existing shares to                                                                                                           Amaroq Minerals Ltd.
 which voting rights are attached:
 1b. Please indicate if the issuer is a non-UK issuer  (please mark with an
 "X" if appropriate)
 Non-UK issuer                                                                                                                                                                                                       X
 2. Reason for the notification (please mark the appropriate box or boxes with
 an "X")
 An acquisition or disposal of voting rights
 An acquisition or disposal of financial instruments
 An event changing the breakdown of voting rights                                                                                                                                                                    X
 Other (please specify):
 3. Details of person subject to the notification obligation
 Name                                                                                                                                                                                Clarendon Trust - Sub Fund B
 City and country of registered office (if applicable)                                                                                                                               St Helier, Jersey
 4. Full name of shareholder(s) (if different from 3.)
 Name
 City and country of registered office (if applicable)
 5. Date on which the threshold was crossed or reached:                                                                                                                              3 November 2022
 6. Date on which issuer notified (DD/MM/YYYY):                                                                                                                                      4 November 2022
 7. Total positions of person(s) subject to the notification obligation
                                                                            % of voting rights attached to shares (total of 8. A)  % of voting rights through financial instruments  Total of both in % (8.A + 8.B)  Total number of voting rights held in issuer (8.A + 8.B)

(total of 8.B 1 + 8.B 2)
 Resulting situation on the date on which threshold was crossed or reached  2.5468%                                                -                                                 2.5468%                         6,700,000
 Position of previous notification (if                                      3.78%                                                  -                                                 3.78%

 applicable)

 

 8. Notified details of the resulting situation on the date on which the
 threshold was crossed or reached
 A: Voting rights attached to shares
 Class/type of                 Number of voting rights                                          % of voting rights

shares

 ISIN code (if possible)
                                                        Direct                                  Indirect                                        Direct                                      In

                                           di
                                                        (DTR5.1)                                 (DTR5.2.1)                                     (DTR5.1)                                    re
                                                                                                                                                                                            ct

                                                                                                                                                                                            (D
                                                                                                                                                                                            TR
                                                                                                                                                                                            5.
                                                                                                                                                                                            2.
                                                                                                                                                                                            1)
 CA02312A1066                  6,700,000                         -                              2.5468%                                         -

 SUBTOTAL 8. A                 6,700,000                                                        2.5468%

 B 1: Financial Instruments according to DTR5.3.1R (1) (a)
 Type of financial instrument  Expiration               Exercise/                               Number of voting rights that may be acquired if the instrument is       % of voting rights

date
Conversion Period

                                                                                                exercised/converted.

                                                        SUBTOTAL 8. B 1

 B 2: Financial Instruments with similar economic effect according to DTR5.3.1R
 (1) (b)
 Type of financial instrument                   Expiration       Exercise/           Physical or cash                   Number of voting rights                         % of voting rights

date
Conversion Period

                                                                                     Settlement

                                                                                     SUBTOTAL 8.B.2

 

 9. Information in relation to the person subject to the notification
 obligation (please mark the

 applicable box with an "X")
 Person subject to the notification obligation is not controlled by any natural                                                                                                                                           X
 person or legal entity and does not control any other undertaking(s) holding
 directly or indirectly an interest in the (underlying) issuer
 Full chain of controlled undertakings through which the voting rights and/or
 the

financial instruments are effectively held starting with the ultimate
 controlling natural person or legal entity (please add additional rows as
 necessary)
 Name                        % of voting rights if it equals or is higher than the notifiable threshold  % of voting rights through financial instruments if it equals or is higher  Total of both if it equals or is higher than the notifiable threshold
                                                                                                         than the notifiable threshold

 10. In case of proxy voting, please identify:
 Name of the proxy holder
 The number and % of voting rights held
 The date until which the voting rights will be held

 11. Additional information
 Unchanged holding following increase in total share count

 

 Place of completion  United Kingdom
 Date of completion   4 November 2022

 

 

 

III.      TR-1: Standard form for notification of major holdings

 

 NOTIFICATION OF MAJOR HOLDINGS

 1a. Identity of the issuer or the underlying issuer of existing shares to                                                                                                           Amaroq Minerals Ltd.
 which voting rights are attached:
 1b. Please indicate if the issuer is a non-UK issuer  (please mark with an
 "X" if appropriate)
 Non-UK issuer                                                                                                                                                                                         X
 2. Reason for the notification (please mark the appropriate box or boxes with
 an "X")
 An acquisition or disposal of voting rights
 An acquisition or disposal of financial instruments
 An event changing the breakdown of voting rights                                                                                                                                                      X
 Other (please specify):
 3. Details of person subject to the notification obligation
 Name                                                                                                                                                                                Amati Global Investors Limited
 City and country of registered office (if applicable)                                                                                                                               Edinburgh, United Kingdom
 4. Full name of shareholder(s) (if different from 3.)
 Name                                                                                                                                                                                TB Amati Investment Funds
 City and country of registered office (if applicable)                                                                                                                               Nottingham, United Kingdom
 5. Date on which the threshold was crossed or reached:                                                                                                                              3 November 2022
 6. Date on which issuer notified (DD/MM/YYYY):                                                                                                                                      4 November 2022
 7. Total positions of person(s) subject to the notification obligation
                                                                            % of voting rights attached to shares (total of 8. A)  % of voting rights through financial instruments  Total of both in % (8.A + 8.B)      Total number of voting rights held in issuer (8.A + 8.B)

(total of 8.B 1 + 8.B 2)
 Resulting situation on the date on which threshold was crossed or reached  3.38%                                                  -                                                 3.38%                               8,902,710
 Position of previous notification (if                                      6.9%                                                   -                                                 6.9%

 applicable)

 

 8. Notified details of the resulting situation on the date on which the
 threshold was crossed or reached
 A: Voting rights attached to shares
 Class/type of                 Number of voting rights                                          % of voting rights

shares

 ISIN code (if possible)
                                                        Direct                                  Indirect                                        Direct                                      In

                                           di
                                                        (DTR5.1)                                 (DTR5.2.1)                                     (DTR5.1)                                    re
                                                                                                                                                                                            ct

                                                                                                                                                                                            (D
                                                                                                                                                                                            TR
                                                                                                                                                                                            5.
                                                                                                                                                                                            2.
                                                                                                                                                                                            1)
 CA02312A1066                  8,902,710                                                        3.38%

 SUBTOTAL 8. A                 8,902,710                                                        3.38%

 B 1: Financial Instruments according to DTR5.3.1R (1) (a)
 Type of financial instrument  Expiration               Exercise/                               Number of voting rights that may be acquired if the instrument is       % of voting rights

date
Conversion Period

                                                                                                exercised/converted.

                                                        SUBTOTAL 8. B 1

 B 2: Financial Instruments with similar economic effect according to DTR5.3.1R
 (1) (b)
 Type of financial instrument                   Expiration       Exercise/           Physical or cash                   Number of voting rights                         % of voting rights

date
Conversion Period

                                                                                     Settlement

                                                                                     SUBTOTAL 8.B.2

 

 9. Information in relation to the person subject to the notification
 obligation (please mark the

 applicable box with an "X")
 Person subject to the notification obligation is not controlled by any natural                                                                                                                                           X
 person or legal entity and does not control any other undertaking(s) holding
 directly or indirectly an interest in the (underlying) issuer
 Full chain of controlled undertakings through which the voting rights and/or
 the

financial instruments are effectively held starting with the ultimate
 controlling natural person or legal entity (please add additional rows as
 necessary)
 Name                        % of voting rights if it equals or is higher than the notifiable threshold  % of voting rights through financial instruments if it equals or is higher  Total of both if it equals or is higher than the notifiable threshold
                                                                                                         than the notifiable threshold

 10. In case of proxy voting, please identify:
 Name of the proxy holder
 The number and % of voting rights held
 The date until which the voting rights will be held

 11. Additional information

 

 Place of completion  Edinburgh, UK
 Date of completion   4 November 2022

 

 

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

Elfie Kent

Charlie Dingwall

+44 (0) 20 3757 4980

For Company updates:

Follow @Amaroq_minerals on Twitter

Follow Amaroq Minerals Inc. 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 7,866.85km(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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