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The latest update is out from AEX Gold ( (TSE:AMRQ) ).
Amaroq Ltd. announced the issuance of 864,806 additional common shares under its share-based incentive plans, bringing its total share capital to 454,971,459 common shares with voting rights. This update is significant for shareholders as it affects the denominator used in calculating their interest in the company’s share capital. The notification also included details of a transaction by CEO Eldur Olafsson, who exercised options for 626,616 shares at a price of CAD$0.38, highlighting ongoing managerial engagement with the company’s equity.
More about AEX Gold
Amaroq Ltd. is an independent mine development corporation focused on unlocking Greenland’s mineral potential. The company is primarily involved in the identification, acquisition, exploration, and development of gold and strategic metal properties in South Greenland. Its principal asset is the Nalunaq Gold mine, and it holds a portfolio of assets covering known gold belts and advanced exploration projects for strategic metals such as copper, nickel, and rare earths.
For detailed information about AMRQ stock, go to TipRanks’ Stock Analysis page.