Amaroq Minerals Ltd. Notification of Holdings
TORONTO, November 4, 2022 - Amaroq Minerals Ltd. (AIM, TSXV, NASDAQ First North: AMRQ - formerly AEX Gold Inc.), an independent mine development company with a substantial land package of gold and strategic mineral assets covering an area of 7,866.85 km 2 in Southern Greenland, has received the following three TR-1 notifications as a result of its recent fundraising: - TR-1: Standard form for notification of major holdings
| NOTIFICATION OF MAJOR HOLDINGS | ||||||
| 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: | ||||||
| 1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) | ||||||
| Non-UK issuer | X | |||||
| 2. Reason for the notification (please mark the appropriate box or boxes with an "X") | ||||||
| An acquisition or disposal of voting rights | X | |||||
| An acquisition or disposal of financial instruments | ||||||
| An event changing the breakdown of voting rights | ||||||
| Other (please specify): | ||||||
| 3. Details of person subject to the notification obligation | ||||||
| Name | JLE Property Ltd | |||||
| City and country of registered office (if applicable) | Lichfield, England | |||||
| 4. Full name of shareholder(s) (if different from 3.) | ||||||
| Name | ||||||
| City and country of registered office (if applicable) | ||||||
| 5. Date on which the threshold was crossed or reached: | 3 November 2022 | |||||
| 6. Date on which issuer notified (DD/MM/YYYY): | 4 November 2022 | |||||
| 7. Total positions of person(s) subject to the notification obligation | ||||||
| % of voting rights attached to shares (total of 8. A) | % of voting rights through financial instruments | Total of both in % (8.A + 8.B) | Total number of voting rights held in issuer (8.A + 8.B) | |||
| Resulting situation on the date on which threshold was crossed or reached | 7.4% | - | 7.4% | 19,407,936 | ||
| Position of previous notification (if applicable) | 2.9% | - | 2.9% | |||
| 8. Notified details of the resulting situation on the date on which the threshold was crossed or reached | |||||||||||
| A: Voting rights attached to shares | |||||||||||
| Class/type of ISIN code (if possible) | Number of voting rights | % of voting rights | |||||||||
| Direct (DTR5.1) | Indirect (DTR5.2.1) | Direct (DTR5.1) | Indirect (DTR5.2.1) | ||||||||
| CA02312A1066 | 19,407,936 | 7.4% | |||||||||
| SUBTOTAL 8. A | 19,407,936 | 7.4% | |||||||||
| B 1: Financial Instruments according to DTR5.3.1R (1) (a) | |||||||||||
| Type of financial instrument | Expiration date | Exercise/ Conversion Period | Number of voting rights that may be acquired if the instrument is exercised/converted. | % of voting rights | |||||||
| SUBTOTAL 8. B 1 | |||||||||||
| B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b) | |||||||||||
| Type of financial instrument | Expiration date | Exercise/ Conversion Period | Physical or cash Settlement | Number of voting rights | % of voting rights | ||||||
| SUBTOTAL 8.B.2 | |||||||||||
| 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X") | ||||
| Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer | ||||
| Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) | ||||
| Name | % of voting rights if it equals or is higher than the notifiable threshold | % of voting rights through financial instruments if it equals or is higher than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold | |
| 10. In case of proxy voting, please identify: | ||||
| Name of the proxy holder | ||||
| The number and % of voting rights held | ||||
| The date until which the voting rights will be held | ||||
| 11. Additional information | ||||
| Place of completion | Lichfield, England |
| Date of completion | 4 November 2022 |
2. TR-1: Standard form for notification of major holdings
| NOTIFICATION OF MAJOR HOLDINGS | ||||||
| 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: | ||||||
| 1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) | ||||||
| Non-UK issuer | X | |||||
| 2. Reason for the notification (please mark the appropriate box or boxes with an "X") | ||||||
| An acquisition or disposal of voting rights | ||||||
| An acquisition or disposal of financial instruments | ||||||
| An event changing the breakdown of voting rights | X | |||||
| Other (please specify): | ||||||
| 3. Details of person subject to the notification obligation | ||||||
| Name | Clarendon Trust - Sub Fund B | |||||
| City and country of registered office (if applicable) | St Helier, Jersey | |||||
| 4. Full name of shareholder(s) (if different from 3.) | ||||||
| Name | ||||||
| City and country of registered office (if applicable) | ||||||
| 5. Date on which the threshold was crossed or reached: | 3 November 2022 | |||||
| 6. Date on which issuer notified (DD/MM/YYYY): | 4 November 2022 | |||||
| 7. Total positions of person(s) subject to the notification obligation | ||||||
| % of voting rights attached to shares (total of 8. A) | % of voting rights through financial instruments | Total of both in % (8.A + 8.B) | Total number of voting rights held in issuer (8.A + 8.B) | |||
| Resulting situation on the date on which threshold was crossed or reached | 2.5468% | - | 2.5468% | 6,700,000 | ||
| Position of previous notification (if applicable) | 3.78% | - | 3.78% | |||
| 8. Notified details of the resulting situation on the date on which the threshold was crossed or reached | |||||||||||
| A: Voting rights attached to shares | |||||||||||
| Class/type of ISIN code (if possible) | Number of voting rights | % of voting rights | |||||||||
| Direct (DTR5.1) | Indirect (DTR5.2.1) | Direct (DTR5.1) | Indirect (DTR5.2.1) | ||||||||
| CA02312A1066 | 6,700,000 | - | 2.5468% | - | |||||||
| SUBTOTAL 8. A | 6,700,000 | 2.5468% | |||||||||
| B 1: Financial Instruments according to DTR5.3.1R (1) (a) | |||||||||||
| Type of financial instrument | Expiration date | Exercise/ Conversion Period | Number of voting rights that may be acquired if the instrument is exercised/converted. | % of voting rights | |||||||
| SUBTOTAL 8. B 1 | |||||||||||
| B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b) | |||||||||||
| Type of financial instrument | Expiration date | Exercise/ Conversion Period | Physical or cash Settlement | Number of voting rights | % of voting rights | ||||||
| SUBTOTAL 8.B.2 | |||||||||||
| 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X") | ||||
| Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer | X | |||
| Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) | ||||
| Name | % of voting rights if it equals or is higher than the notifiable threshold | % of voting rights through financial instruments if it equals or is higher than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold | |
| 10. In case of proxy voting, please identify: | ||||
| Name of the proxy holder | ||||
| The number and % of voting rights held | ||||
| The date until which the voting rights will be held | ||||
| 11. Additional information | ||||
| Unchanged holding following increase in total share count | ||||
| Place of completion | United Kingdom |
| Date of completion | 4 November 2022 |
3. TR-1: Standard form for notification of major holdings
| NOTIFICATION OF MAJOR HOLDINGS | ||||||
| 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: | ||||||
| 1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) | ||||||
| Non-UK issuer | X | |||||
| 2. Reason for the notification (please mark the appropriate box or boxes with an "X") | ||||||
| An acquisition or disposal of voting rights | ||||||
| An acquisition or disposal of financial instruments | ||||||
| An event changing the breakdown of voting rights | X | |||||
| Other (please specify): | ||||||
| 3. Details of person subject to the notification obligation | ||||||
| Name | Amati Global Investors Limited | |||||
| City and country of registered office (if applicable) | Edinburgh, United Kingdom | |||||
| 4. Full name of shareholder(s) (if different from 3.) | ||||||
| Name | TB Amati Investment Funds | |||||
| City and country of registered office (if applicable) | Nottingham, United Kingdom | |||||
| 5. Date on which the threshold was crossed or reached: | 3 November 2022 | |||||
| 6. Date on which issuer notified (DD/MM/YYYY): | 4 November 2022 | |||||
| 7. Total positions of person(s) subject to the notification obligation | ||||||
| % of voting rights attached to shares (total of 8. A) | % of voting rights through financial instruments | Total of both in % (8.A + 8.B) | Total number of voting rights held in issuer (8.A + 8.B) | |||
| Resulting situation on the date on which threshold was crossed or reached | 3.38% | - | 3.38% | 8,902,710 | ||
| Position of previous notification (if applicable) | 6.9% | - | 6.9% | |||
| 8. Notified details of the resulting situation on the date on which the threshold was crossed or reached | |||||||||||
| A: Voting rights attached to shares | |||||||||||
| Class/type of ISIN code (if possible) | Number of voting rights | % of voting rights | |||||||||
| Direct (DTR5.1) | Indirect (DTR5.2.1) | Direct (DTR5.1) | Indirect (DTR5.2.1) | ||||||||
| CA02312A1066 | 8,902,710 | 3.38% | |||||||||
| SUBTOTAL 8. A | 8,902,710 | 3.38% | |||||||||
| B 1: Financial Instruments according to DTR5.3.1R (1) (a) | |||||||||||
| Type of financial instrument | Expiration date | Exercise/ Conversion Period | Number of voting rights that may be acquired if the instrument is exercised/converted. | % of voting rights | |||||||
| SUBTOTAL 8. B 1 | |||||||||||
| B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b) | |||||||||||
| Type of financial instrument | Expiration date | Exercise/ Conversion Period | Physical or cash Settlement | Number of voting rights | % of voting rights | ||||||
| SUBTOTAL 8.B.2 | |||||||||||
| 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X") | ||||
| Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer | X | |||
| Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) | ||||
| Name | % of voting rights if it equals or is higher than the notifiable threshold | % of voting rights through financial instruments if it equals or is higher than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold | |
| 10. In case of proxy voting, please identify: | ||||
| Name of the proxy holder | ||||
| The number and % of voting rights held | ||||
| The date until which the voting rights will be held | ||||
| 11. Additional information | ||||
| Place of completion | Edinburgh, UK |
| Date of completion | 4 November 2022 |
Enquiries:
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
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
Charlie Stephenson
+44 (0) 1483 413500
Camarco (Financial PR)
Billy Clegg
Elfie Kent
Charlie Dingwall
+44 (0) 20 3757 4980
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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 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 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 .
Inside Information
This announcement does not contain inside information.
SOURCE: Amaroq Minerals Ltd.
