Amaroq Minerals Ltd. announced that its Chief Executive Officer, Eldur Olafsson, has acquired 59,800 common shares of the company, bringing his total holding to 9,108,918, which represents 3.45% of the capital in Amaroq. The transactions took place on December 27, 2023, and December 29, 2023, on the TSXV. The shares were purchased at an average price of CAD$ 1.1315 and CAD$ 1.1786, respectively.
Amaroq Minerals Ltd. is an independent mine development corporation with a substantial land package of gold and strategic mineral assets in Southern 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. Additionally, the corporation has a portfolio of gold and strategic metal assets in Southern Greenland covering the two known gold belts in the region.
Eldur Olafsson's recent acquisition of shares demonstrates his confidence in the company's future prospects. Amaroq Minerals Ltd. continues to focus on the identification, acquisition, exploration, and development of gold and strategic metal properties in Greenland. The corporation is incorporated under the Canada Business Corporations Act and wholly owns Nalunaq A/S, incorporated under the Greenland Public Companies Act.