TIDMAEXG
RNS Number : 7703G
AEX Gold Inc
28 July 2021
The following amendment has been made to the 'AGM Results,
Director Appointments & Options Award' announcement released on
10 June 2021 at 07.00 under RNS No 4044B.
Shareholding for David Neuhauser has been amended to 11,467,510
and percentage shareholding to 6.47%.
All other details remain unchanged. The full amended text is
shown below.
AEX Gold Inc.
Annual General and Special Meeting ('AGM') Results,
Non-Executive Director Appointments and Stock Option Award
TORONTO, June 10, 2021 - AEX Gold Inc. ("AEX" or the
"Corporation" - TSXV: AEX), announces that at its AGM, held on 9
June 2021, all resolutions were unanimously passed. As a result,
the Corporation is pleased to announce that Line Fredriksen and
David Neuhauser were appointed as Non-Executive Directors of the
Corporation with immediate effect.
AGM Results
The following proxy votes for the AGM were received from
shareholders:
Resolution Description Votes For % Votes Cast Votes Withheld
1 Re-elect G Stewart 49,724,855 100.00 999
----------------------- ----------- ------------- ---------------
2 Re-elect E Olafsson 51,724,855 100.00 999
----------------------- ----------- ------------- ---------------
3 Re-elect G Fowlie 49,724,855 100.00 999
----------------------- ----------- ------------- ---------------
4 Re-elect J Crouse 51,724,855 100.00 999
----------------------- ----------- ------------- ---------------
5 Re-elect S Thorkelsson 49,724,855 100.00 999
----------------------- ----------- ------------- ---------------
6 Elect L Frederiksen 51,724,855 100.00 999
----------------------- ----------- ------------- ---------------
7 Elect D Neuhauser 49,724,855 100.00 999
----------------------- ----------- ------------- ---------------
8 Appoint Auditor 51,802,754 100.00 0
----------------------- ----------- ------------- ---------------
9 Stock option plan 49,710,355 96.10 0
----------------------- ----------- ------------- ---------------
10 Amend By-laws 51,254,977 99.09 0
----------------------- ----------- ------------- ---------------
Non-Executive Director Appointments
The Corporation is pleased to welcome Line Frederiksen and David
Neuhauser as Non-Executive Directors of the Corporation with
immediate effect following shareholder approval at the AGM.
Line Fredriksen 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 6.47% 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.
Stock Option Award
The Corporation also announces that it has granted incentive
stock options ("Options") under the Corporation's Stock Option Plan
to Jaco Crouse to acquire an aggregate of 900,000 common shares at
$0.59 per share, with an expiry date of December 31, 2027.
Eldur Olafsson, Founder and Chief Executive Officer of AEX Gold,
commented:
"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
Greenland . "
Enquiries:
AEX Gold Inc.
Eldur Olafsson, Director and CEO +354 665 2003
eo@aexgold.com
Eddie Wyvill, Investor Relations +447713126727
ew@aexgold.com
Stifel Nicolaus Europe Limited (Nominated Adviser +44 (0) 20 7710
and Broker) 7600
Callum Stewart
Simon Mensley
Ashton Clanfield
+44 (0) 20 3757
Camarco (Financial PR) 4980
Gordon Poole
Nick Hennis
Emily Hall
AIM Rule Disclosures
In relation to the appointment to the board, there is no further
information required to be disclosed pursuant to paragraph (g) of
Schedule 2 of the AIM Rules for Companies save what is disclosed
below.
Line Frederiksen
Line Frederiksen, aged 41, has held the following directorships
and/or partnerships in the past five years:
Current Directorships/Partnerships Previous Directorships/Partnerships
Tele Greenland A/S INI A/S
------------------------------------
Ejendomsselskabet Suliffik
A/S
------------------------------------
Ms. Frederiksen holds no common shares in the Corporation.
David Neuhauser
David Loven Neuhauser, aged 51, has held the following
directorships and/or partnerships in the past five years:
Current Directorships/Partnerships Previous Directorships/Partnerships
Livermore Partners LLC None
------------------------------------
Jadestone Energy Plc
------------------------------------
Jadestone Energy Inc
------------------------------------
Kolibri Global Energy Inc.
------------------------------------
Mr. Neuhauser does not own any common shares of the Corporation
directly but, as managing director of Livermore Partners LLC,
exercises control or direction over the 11,467,510 common shares
beneficially owned by Livermore Partners LLC.
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: Jaco Crouse
--------------------------------- ------------------------------------------
2. Reason for the notification
-----------------------------------------------------------------------------
a) Position/status: Chief Financial Officer and 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: Grant of options
--------------------------------- ------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
Nil 900,000
----------
--------------------------------- --------------------------------------------
d) Aggregated information: n/a
--------------------------------- ------------------------------------------
e) Date of the transaction(s): 9 June 2021
--------------------------------- ------------------------------------------
f) Place of the transaction XOFF
--------------------------------- ------------------------------------------
Further Information:
About AEX
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
Act.
www.aexgold.com
Forward-Looking Information
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.
Inside Information
This announcement contains inside information for the purposes
of Article 7 of the UK version of Regulation (EU) No. 596/2014 on
Market Abuse ("UK MAR"), as it forms part of UK domestic law by
virtue of the European Union (Withdrawal) Act 2018, and Regulation
(EU) No. 596/2014 on Market Abuse ("EU MAR").
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END
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