Amaroq Minerals Converts Debt to Equity

AEX Gold, Inc. (TSE:AMRQ) has released an update.

Amaroq Minerals Ltd., a gold and strategic mineral development company, has reached an agreement to convert US$22.4 million worth of convertible notes into common shares to streamline its capital structure and enhance financial flexibility. This move will result in the issuance of new shares for the note principal, outstanding interest, and commitment fees, subject to TSX Venture Exchange approval. Moreover, the transactions involving the conversion of interest and commitment fees do not require minority shareholder protection measures, indicating fair and reasonable terms for shareholders.

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