Amaroq Minerals Ltd. has reported that its share capital consists of 327,418,727 common shares of no par value, following the exercise of options. The company has granted incentive stock option awards to employees to acquire up to 11,450 common shares at a price of C$1.31 and up to 11,538 common shares at a price of C$1.30 under the Company's Stock Option Plan. Additionally, Jaco Crouse has stepped down as Chief Financial Officer and as a Director of the Company, with Anna Mkrtchyan, VP Finance of Amaroq, performing the functions of Interim Chief Financial Officer until a new appointment is finalized.
The notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them include details of the person discharging managerial responsibilities, the reason for the notification, details of the issuer, and details of the transaction(s). The announcement also provides contact information for inquiries and further information about the company.
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 Corporation 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. Amaroq Minerals is incorporated under the Canada Business Corporations Act and wholly owns Nalunaq A/S, incorporated under the Greenland Public Companies Act.
The announcement concludes with regulatory disclaimers and information about inside information, stating that the announcement does not contain inside information.