AEX Gold Inc Annual Report, Meeting Notice & Director Changes
RNS Number : 1491Y
AEX Gold Inc
11 May 2021
AEX Gold Inc.
Annual Report, Notice of Meeting and
TORONTO, May 11, 2021 - AEX Gold Inc. ("AEX" or the
"Corporation" - TSXV: AEX), announces that it intends to post its
Annual Report and Financial Statements for the year ended December
31, 2020 and Notice of Annual and Special General Meeting of
Shareholders and Management Information Circular to shareholders
today. Copies of the documents will soon be available on the
https://www.aexgold.com/investors/documents-circulars/ and SEDAR at
Annual and Special General Meeting of Shareholders
The Annual and Special Meeting Of Shareholders ("AGM") will be
held as a virtual meeting at https://web.lumiagm.com/244537771 on
Wednesday, June 9, 2021 at 10:00 a.m. (Toronto time).
Due to the public health impact of COVID-19, and to mitigate
risks to the health and safety of our community, shareholders,
employees and other stakeholders, shareholders will not be able to
attend the AGM in person. Instead, registered shareholders and duly
appointed proxyholders can participate, vote or submit questions at
the virtual meeting.
The Corporation is also pleased to announce that, subject to
shareholder approval at the forthcoming Annual and Special General
Meeting of Shareholders on June 9, 2021 ('AGM'), AEX intends to
appoint Line Frederiksen and David Neuhauser as Non-Executive
Directors of the Corporation.
Line Frederiksen has substantial experience in Greenlandic
infrastructure and is currently CFO at Tele Greenland A/S, the
leading provider of telecom solutions in Greenland, as well as
being responsible for cybersecurity governance. Prior to being
promoted to CFO, Ms. Fredriksen was the Head of Finance at Tele
Greenland A/S and has previously had roles at Air Greenland.
David Neuhauser has extensive capital markets and M&A
experience and is the founder and managing director of event-driven
hedge fund Livermore Partners in Chicago[, a 6.04% shareholder in
the Corporation]. He has invested in and advised global public
companies for the past 21 years and has a strong track record of
enhancing intrinsic value. Mr. Neuhauser currently sits on the
board of Shareholders Gold Council, a Canadian corporation
promoting best practices in the gold mining industry, AIM-quoted
Jadestone Energy Plc, and Kolibri Global Energy Inc.
In addition to the proposed appointments, Georgia Quenby has
advised AEX that she will not be standing for re-election as a
Non-Executive Director at this year's AGM.
Eldur Olafsson, Founder and Chief Executive Officer of AEX Gold,
"On behalf of the board, I would like to extend a warm welcome
to Line and David. They are highly experienced and skilled
individuals, and we are fortunate to have them as part of our team
as we continue to progress our material asset base in southern
"I would like to thank Georgia for her significant contribution
to the growth of AEX and for her contribution as the Chair of the
Corporate Governance, Nomination and Compensation Committees and
wish her well with her future endeavours."
AEX Gold Inc.
Eldur Olafsson, Director and CEO +354 665 2003
Eddie Wyvill, Investor Relations +447713126727
Stifel Nicolaus Europe Limited (Nominated +44 (0) 20 7710
Adviser and Broker) 7600
+44 (0) 20 3757
Camarco (Financial PR) 4980
AEX's principal business objectives are the identification,
acquisition, exploration and development of gold properties in
Greenland. The Corporation'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 assets covering
3,870 km(2) , the largest portfolio of gold assets in Southern
Greenland covering the two known gold belts in the region. AEX is
incorporated under the Canada Business Corporations Act and wholly
owns Nalunaq A/S, incorporated under the Greenland Public Companies
This press release contains forward-looking information within
the meaning of applicable securities legislation, which reflects
the Corporation's current expectations regarding future events and
the future growth of the Corporation's business. In this press
release there is forward-looking information based on a number of
assumptions and subject to a number of risks and uncertainties,
many of which are beyond the Corporation's control, that could
cause actual results and events to differ materially from those
that are disclosed in or implied by such forward-looking
information. Such risks and uncertainties include but are not
limited to the factors discussed under "Risk Factors" in the Final
Prospectus available under the Corporation's profile on SEDAR at
www.sedar.com. Any forward-looking information included in this
press release is based only on information currently available to
the Corporation and speaks only as of the date on which it is made.
Except as required by applicable securities laws, the Corporation
assumes no obligation to update or revise any forward-looking
information to reflect new circumstances or events. No securities
regulatory authority has either approved or disapproved of the
contents of this press release. Neither TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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(END) Dow Jones Newswires
May 11, 2021 02:00 ET (06:00 GMT)