Amaroq Minerals Ltd. has announced senior management appointments and conditional RSU awards. Joan Plant has been appointed as Executive Vice President. She has 13 years of experience operating in Greenland and has been a member of the Amaroq team since the company's inception in 2017. In her new role, Joan will be responsible for overseeing strategic initiatives, driving growth and development, and overseeing the group's sustainability programs. Anna Solotova, VP Corporate Legal, has been appointed Corporate Secretary. She will assume responsibility for corporate governance oversight and compliance management.
Amaroq Minerals also made an award under the RSU Plan. The award consists of a conditional right to receive value if future performance targets are met. The value will be granted as Restricted Share Units (RSUs), with each RSU entitling a participant to receive common shares in the company. The details of the award include an initial price of CAD 0.55, a hurdle rate of 10% p.a. above the initial price, and a total pool of 10% of the growth in value above the hurdle rate, not exceeding 10% of the company's share capital. The performance period is from January 1, 2022, to December 31, 2025, with vesting occurring on specific measurement dates.
For further information, inquiries can be directed to Amaroq Minerals Ltd. or the company's brokers and financial PR firm. Amaroq Minerals is an independent mine development corporation with a substantial land package of gold and strategic mineral assets in Southern Greenland. Its principal asset is the Nalunaq Project, an advanced exploration stage property with an exploitation license including the previously operating Nalunaq gold mine. The company is focused on the identification, acquisition, exploration, and development of gold and strategic metal properties in Greenland.