Amaroq Minerals Ltd. announced that Livermore Strategic Opportunities LP, in which David Neuhauser, Non-Executive Director of Amaroq Minerals, is Managing Director, acquired a total of 20,600 depositary receipts in the Company. This brings David Neuhauser's indirect total holding to 14,541,224 shares, representing 4.45% of the Company's capital.
The dealing notification form provided details of the transaction, including the nature of the purchase, the price, and volume of the depositary receipts. The transaction took place on May 21, 2024, on the XICE.
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 in Southern Greenland covering the two known gold belts in the region.
This announcement provides insight into the shareholding activities of a key figure within Amaroq Minerals and offers a glimpse into the company's ongoing operations and strategic focus.