Amaroq Minerals Ltd GCAM Joint Venture Update (3275N)
January 19 2023 - 12:04PM
UK Regulatory
TIDMAMRQ
RNS Number : 3275N
Amaroq Minerals Ltd
19 January 2023
("Amaroq" or the "Corporation")
GCAM Joint Venture Update
TORONTO, ONTARIO - January 19, 2023 - Amaroq Minerals Ltd. (AIM,
TSXV, NASDAQ First North: AMRQ) announces, further to its news
release dated October 19, 2022, that it continues to progress
towards the closing of its previously announced joint venture
transaction with GCAM LP (the "GCAM Transaction"), which the
Corporation expects to complete in line with the previously
announced timetable.
The Corporation has already satisfied several conditions needed
to release the GBP18.0 million subscription and the shareholders'
agreement between the Corporation, Nalunaq A /S and GCAM LP from
escrow, and for the GCAM Transaction to become effective, including
obtaining the conditional approval from the TSX Venture Exchange.
Upon the resolution of the final regulatory and administrative
matters as set out in the news release dated October 19, 2022, the
Corporation expects to satisfy the remaining conditions needed to
complete the GCAM Transaction, which the Corporation expects to
complete by the end of Q1 2023 as previously disclosed.
Enquiries:
Amaroq Minerals Ltd.
Eldur Olafsson, Executive Director and CEO
+354 665 2003
eo@amaroqminerals.com
Eddie Wyvill, Investor Relations
+44 (0)7713 126727
ew@amaroqminerals.com
Stifel Nicolaus Europe Limited (Nominated Adviser and
Broker)
Callum Stewart
Varun Talwar
Simon Mensley
Ashton Clanfield
+44 (0) 20 7710 7600
Panmure Gordon (UK) Limited (Joint Broker)
John Prior
Hugh Rich
Dougie Mcleod
+44 (0) 20 7886 2500
SI Capital Limited (Joint Broker)
Nick Emerson
+44 (0) 1483 413500
Camarco (Financial PR)
Billy Clegg
Elfie Kent
Charlie Dingwall
+44 (0) 20 3757 4980
For Corporation updates:
Follow @Amaroq_Minerals on Twitter
Follow Amaroq Minerals Ltd. on LinkedIn
Further Information:
About Amaroq Minerals
Amaroq Minerals' principal business objectives are the
identification, acquisition, exploration, and development of gold
and strategic metal 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 and strategic metal assets
covering 7,866.85km(2) , the largest mineral portfolio in Southern
Greenland covering the two known gold belts in the region. Amaroq
Minerals is incorporated under the Canada Business Corporations Act
and wholly owns Nalunaq A/S, incorporated under the Greenland
Public Companies Act.
Forward-Looking Information
This news 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 news
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
Corporation's annual information form available under the
Corporation's profile on SEDAR at www.sedar.com. Any
forward-looking information included in this news 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 news 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 does not contain inside information.
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
JVEVKLFFXFLBBBF
(END) Dow Jones Newswires
January 19, 2023 13:04 ET (18:04 GMT)
Amaroq Minerals (LSE:AMRQ)
Historical Stock Chart
From Apr 2024 to May 2024
Amaroq Minerals (LSE:AMRQ)
Historical Stock Chart
From May 2023 to May 2024