Amaroq Minerals Ltd., an independent mine development corporation with gold and strategic mineral assets in Southern Greenland, has announced the granting of incentive stock options to employees and a consultant. The options allow the acquisition of a total of 61,490 common shares under the company's Stock Option Plan. The exercise price of the options is C$1.09 per share, and they will vest immediately upon the date of grant. The options will expire if they remain unexercised five years from the date of the award.
Amaroq Minerals' principal business objectives are the identification, acquisition, exploration, and development of gold and strategic metal properties in Greenland. The company's main asset is a 100% interest in the Nalunaq Project, an advanced exploration stage property with an exploitation license that includes the previously operating Nalunaq gold mine. The company also has a portfolio of gold and strategic metal assets in Southern Greenland, covering the two known gold belts in the region.
The company is incorporated under the Canada Business Corporations Act and wholly owns Nalunaq A/S, which is incorporated under the Greenland Public Companies Act.
Neither the TSXV nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release. The announcement does not contain inside information.
For further information, interested parties can contact Eldur Olafsson, Executive Director and CEO of Amaroq Minerals, or Eddie Wyvill, Corporate Development. The company's nominated adviser and broker is Stifel Nicolaus Europe Limited, and its joint broker is Panmure Gordon (UK) Limited. Camarco is the company's financial PR contact.
This summary is based on the information provided in the news release.