Amaroq Minerals Ltd. announced that Livermore Strategic Opportunities LP, in which David Neuhauser, Non-Executive Director of Amaroq Minerals, is Managing Director, acquired 19,500 common shares of no par value in the Company. This brings Neuhauser's indirect total holding to 14,520,624 shares, representing 4.45% of the Company's capital. The transaction took place on May 17, 2024, on the XICE. The purchase price was ISK 127 per share.
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. 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, the company provided contact details for inquiries and updates. The announcement also included regulatory disclaimers and an attachment for the PDMR Shareholding in May 2024.