TIDMAEXG

RNS Number : 7866G

AEX Gold Inc

28 July 2021

("AEX" or the "Company")

Director/PDMR Shareholding

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

TORONTO, ONTARIO - July 28, 2021 - AEX Gold Inc. (AIM: AEXG; TSXV: AEX), announces that on July 27, 2021 it was informed that Livermore Partners LLC, a company in which David Neuhauser, Non-Executive Director of AEX, is Managing Director, acquired a total of 104,800 common shares of no par value in the Company for an average price of $0.54. This brings Livermore Partners LLC's total holding to 11,700,610 shares, 6.607% of the capital in the Company.

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:                               Livermore Partners LLC, David 
                                              Neuhauser 
        ----------------------------------  ------------------------------------------ 
 2.      Reason for the notification 
        ------------------------------------------------------------------------------ 
  a)     Position/status:                    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) 
                                                                  $0.54       104,800 
                                                                 ---------  ---------- 
        ----------------------------------  ------------------------------------------ 
   d)         Aggregated information: 
         *    Aggregated volume:               104,800 
                                                $0.54 
 
         *    Price: 
 -----------------------------------------  ------------------------------------------ 
  e)     Date of the transaction(s):             July 27(th) , 2021 
        ----------------------------------  ------------------------------------------ 
  f)     Place of the transaction                 XTSX 
        ----------------------------------  ------------------------------------------ 
 

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.

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END

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July 28, 2021 07:28 ET (11:28 GMT)

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