Recent Share Acquisition by Amaroq Minerals' Director
Director's Recent Share Acquisition at Amaroq Minerals
TORONTO, ONTARIO – Amaroq Minerals Ltd. (AIM, TSXV, NASDAQ Iceland: AMRQ), an independent company focused on mine development and boasting a significant gold and strategic mineral asset portfolio in Southern Greenland, recently disclosed an exciting update. Non-Executive Director Line Frederiksen has acquired a total of 14,500 common shares, marking a significant transaction in the company's shareholder landscape.
Notification Details
This notification pertains to transactions conducted by individuals holding managerial responsibilities within the company, ensuring transparency in their investments. The details about Director Frederiksen's acquisition highlight her ongoing commitment to Amaroq Minerals.
Why This Acquisition Matters
Frederiksen's purchase of shares signals a vote of confidence in Amaroq's future. As a Non-Executive Director, her decision to invest further aligns with the company's promise of developing key mineral projects, notably the Nalunaq Gold mine, which is set to begin production soon.
Overview of Transaction Terms
Here are key details regarding the recent transaction:
- Type of Instrument: Common shares of no par value
- ISIN: CA02312A1066
- Nature of the Transaction: Purchase of shares
- Aggregate Volume: 14,500 shares
- Average Price: CAD $1.082
This acquisition involves several transactions, with the purchased shares distributed as follows:
- 2,700 shares at CAD $1.06
- 2,000 shares at CAD $1.07
- 9,800 shares at CAD $1.09
Amaroq Minerals' Business Goals
Amaroq Minerals is dedicated to identifying and developing gold and strategic metal properties in South Greenland. The company has gained attention for its significant asset, the Nalunaq Gold mine, which is projected to commence production by the end of the year. Moreover, Amaroq operates in two prominent gold belts in the region while exploring opportunities for copper, nickel, and rare earth metals.
Company Contacts
For any inquiries regarding this announcement or further engagement, you can reach out to:
Eldur Olafsson, Executive Director and CEO
Email: eo@amaroqminerals.com
Eddie Wyvill, Corporate Development
Phone: +44 (0)7713 126727
Email: ew@amaroqminerals.com
Frequently Asked Questions
What is Amaroq Minerals known for?
Amaroq Minerals is focused on the development of gold and strategic mineral properties, notably in Southern Greenland.
Who is Line Frederiksen?
Line Frederiksen is a Non-Executive Director at Amaroq Minerals and has recently acquired shares in the company.
What does this share acquisition signify?
This acquisition reflects Frederiksen's confidence in Amaroq's future growth and stability within the mining industry.
What are the company's upcoming projects?
The company's key project includes the Nalunaq Gold mine, which is expected to go into production soon.
How can I contact Amaroq Minerals for more information?
You can reach out via the provided emails for any inquiries regarding the company and its operations.
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