Amaroq Minerals Ltd. announced that Livermore Partners LLC, a company in which David Neuhauser, Non-Executive Director of Amaroq Minerals, is Managing Director, acquired a total of 37,900 common shares of no par value in the Company. This brings David Neuhauser's indirect total holding to 14,579,124 shares, 4.45% of the capital in the Company.
The acquisition was made on July 11, 2024, and the transaction details include the purchase of common shares of no par value in Amaroq Minerals Ltd. on the TSXV at prices of CAD$1.08 for 20,000 shares and CAD$1.14 for 17,900 shares, with an average price of CAD$1.11.
Amaroq Minerals' principal business objectives are the identification, acquisition, exploration, and development of gold and strategic metal properties in South Greenland. The company's principal asset is a 100% interest in the past producing Nalunaq Gold mine, which is due to go into production towards the end of 2024. The company also has a portfolio of gold and strategic metal assets in Southern Greenland, covering the two known gold belts in the region, as well as advanced exploration projects at Stendalen and the Sava Copper Belt exploring for strategic metals such as Copper, Nickel, Rare Earths, and other minerals.
The announcement also includes contact information for inquiries and company updates, as well as regulatory disclaimers.