TIDMAEXG

RNS Number : 4602Y

AEX Gold Inc

13 May 2021

("AEX" or the "Company")

Director/PDMR Shareholding

Notification of Transactions of Directors/Persons Discharging Managerial Responsibilities (PDMRs)

TORONTO, ONTARIO - May 13, 2021 - AEX Gold Inc. (AIM: AEXG; TSXV: AEX) announces that on May 13, 2021 it was informed that a number of its directors have acquired a total of 418,750 common shares of no par value in the Company at an average price of C$0.512 or 30.21p.

 
 Director                  Common Shares   Resulting         % Issued 
                                Acquired     Holding    Share Capital 
 Eldur Olafsson                  100,000   8,006,385             4.52 
                          --------------  ----------  --------------- 
 Graham Stewart                  100,000   2,043,058             1.15 
                          --------------  ----------  --------------- 
 George Fowlie                    25,000     269,000             0.15 
                          --------------  ----------  --------------- 
 Jaco Crouse                      93,750     100,000             0.06 
                          --------------  ----------  --------------- 
 Sigurbjorn Thorkelsson          100,000   6,727,834             3.80 
                          --------------  ----------  --------------- 
 

DEALING NOTIFICATION FORM

FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY

AND THEIR CLOSELY ASSOCIATED PERSONS

 
 1.    Details of the person discharging managerial responsibilities/person 
        closely associated 
  a)   Name:                                   1) Eldur Olafsson 
                                                2) Graham Stewart 
                                                3) George Fowlie 
                                                4) Jaco Crouse 
                                                5) Sigurbjorn Thorkelsson 
      ---------------------------------  ---------------------------------------------- 
 2.    Reason for the notification 
      --------------------------------------------------------------------------------- 
  a)   Position/status:                        1) CEO and Director 
                                                2) Chairman 
                                                3) Non-executive Director 
                                                4) Chief Financial Officer 
                                                5) Non-executive Director 
      ---------------------------------  ---------------------------------------------- 
  b)   Initial notification/Amendment     Initial notification 
      ---------------------------------  ---------------------------------------------- 
 3.    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      --------------------------------------------------------------------------------- 
  a)   Name                               AEX Gold Inc 
      ---------------------------------  ---------------------------------------------- 
  b)   LEI:                               213800Q21S5JQ6WKCE70 
      ---------------------------------  ---------------------------------------------- 
 4.    Details of the transaction(s): section to be repeated 
        for (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions 
        have been conducted 
      --------------------------------------------------------------------------------- 
  a)   Description of the financial       Common shares of no par value 
        instrument, type of instrument:    in AEX Gold Inc. 
 
        Identification code:               ISIN: CA00108V1022 
      ---------------------------------  ---------------------------------------------- 
  b)   Nature of the transaction:         Purchase of common shares of no 
                                           par value in AEX Gold Inc 
      ---------------------------------  ---------------------------------------------- 
  c)   Price(s) and volume(s):                                    Price(s)   Volume(s) 
                                                              1)   C$0.5383    30,000 
                                                                     30.0p      70,000 
                                                                  ---------  ---------- 
                                                              2)   28.457p     15,000 
                                                                     29.3p      17,000 
                                                                     30.0p      68,000 
                                                                  ---------  ---------- 
                                                              3)    C$0.52     10,500 
                                                                     C$0.52     14,500 
                                                                  ---------  ---------- 
                                                                    C$0.52      6,000 
                                                                    C$0.52      2,000 
                                                                    C$0.52      2,500 
                                                                    C$0.52      5,000 
                                                                    C$0.52      2,500 
                                                                    C$0.52       500 
                                                                    C$0.52      1,500 
                                                                    C$0.52      50,000 
                                                                    C$0.52      21,000 
                                                                    C$0.52      1,500 
                                                                    C$0.52      1,000 
                                                              4)    C$0.52       250 
                                                                  ---------  ---------- 
                                                              5)   29.875p     100,000 
                                                                  ---------  ---------- 
      ---------------------------------  ------------------------------------------------ 
  d)        Aggregated information: 
              *    Aggregated volume:             Aggregated volume    Price 
                                             1)        100,000        30.530p* 
                                                 ------------------  --------- 
              *    Price:                    2)        100,000        29.650p 
                                                 ------------------  --------- 
                                             3)        25,000          C$0.52 
                                                 ------------------  --------- 
                                             4)        93,750          C$0.52 
                                                 ------------------  --------- 
                                             5)        100,000        29.975p 
                                                 ------------------  --------- 
      ---------------------------------  ---------------------------------------------- 
  e)   Date of the transaction(s):             1) 11 May 2021, 12 May 2021 
                                                2) 10 May 2021, 11 May 2021 
                                                3) 10 May 2021, 11 May 2021 
                                                4) 11 May 2021 
                                                5) 11 May 2021 
      ---------------------------------  ---------------------------------------------- 
  f)   Place of the transaction                1) XTSX and XLON 
                                                2) XLON 
                                                3) XTSX 
                                                4) XTSX 
                                                5) XLON 
      ---------------------------------  ---------------------------------------------- 
 

* Converted using a CAD: GBP exchange rate of 0.59

Enquiries:

 
 AEX Gold Inc. 
 Eddie Wyvill, Investors Relations            +44 7713 126727 
                                               ew@aexgold.com 
 
 Eldur Olafsson, Director and CEO             +354 665 2003 
                                               eo@aexgold.com 
 
 Stifel Nicolaus Europe Limited (Nominated    +44 (0) 20 7710 
  Adviser and Broker)                          7600 
 Callum Stewart 
  Simon Mensley 
  Ashton Clanfield 
 
                                              +44 (0) 20 3757 
 Camarco (Financial PR)                        4980 
 Gordon Poole 
  Nick Hennis 
 

Further Information:

About AEX

AEX's principal business objectives are the identification, acquisition, exploration and development of gold 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 Company has a portfolio of gold assets covering 3870 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 Act.

Inside Information

The information contained within this announcement is considered to be inside information prior to its release, as defined in Article 7 of the Market Abuse Regulation No. 596/2014, and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHEAFSAFLPFEAA

(END) Dow Jones Newswires

May 13, 2021 02:00 ET (06:00 GMT)