Amaroq Minerals Ltd. has released its Annual Report and Financial Statements for the year ended December 31, 2023, along with the Notice of Annual and Special General Meeting of Shareholders. The Meeting is scheduled to be held remotely on Friday, June 14, 2024, at 10:00 a.m. (Toronto time), with registered shareholders and duly appointed proxyholders able to participate, vote, and submit questions at the virtual meeting.
One of the key resolutions to be considered at the Meeting is the Company's proposed continuation from a corporation organized under the Canada Business Corporations Act to a corporation organized under the Business Corporations Act (Ontario). This transition is driven by Amaroq's need to attract and appoint directors with a broad range of skills and experience relevant to its business. The proposed resolution aims to provide the Company with greater flexibility to attract and nominate the most suitable candidates for directors from a global talent pool.
The transition is subject to certain regulatory approvals. Seven of the eight persons nominated by the Board for election as directors are currently Directors of the Company. Additionally, Sander A.J.R. Grieve, a Bennett Jones LLP partner, is nominated for election to the Board to fulfill the director residency requirement, with his appointment conditional on due diligence carried out by the Company’s Nominated Advisor Stifel Nicolaus Europe Limited.
In addition to the proposed corporate transition, shareholders will be voting on various matters, including the receipt and consideration of the financial statements of the Corporation for the financial year ended December 31, 2023, the re-appointment of BDO Canada LLP as the auditor of the Corporation for the ensuing year, and the consideration of the amended Company’s stock option plan and restricted share unit plan.
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. Amaroq Minerals is incorporated under the Canada Business Corporations Act and wholly owns Nalunaq A/S, incorporated under the Greenland Public Companies Act.
For further information and to access the documents related to the Annual Report and the Meeting, shareholders can visit the Company's website or SEDAR.