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Senior Administration Appointments and Conditional RSU Awards Specific Occasions

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TORONTO, ONTARIO, Oct. 13, 2023 (GLOBE NEWSWIRE) — (“Amaroq,” “Firm” or the “Company”)

Senior Administration Appointments and Conditional RSU Awards

TORONTO, ONTARIO – October 13, 2023 – Amaroq Minerals Ltd. (AIM, TSXV, NASDAQ Iceland: AMRQ), an unbiased mine improvement company with a considerable land bundle of gold and strategic mineral property throughout in Southern Greenland, is happy to offer an replace on senior administration appointments.

Appointment of Government Vice President

Joan Plant has been appointed Government Vice President. Joan has 13 years of expertise working in Greenland, and has labored on the Nalunaq undertaking since 2010. Throughout this time, she has constructed a powerful relationship with the Authorities of Greenland while efficiently making use of her in-depth information and experience protecting all features of the mining licencing, governance and monitoring processes.

Joan has been a member of the Amaroq group for the reason that Firm’s inception in 2017, and has performed an integral half in facilitating its progress. As VP ESG and Company Secretary she has pushed the Firm’s Sustainability initiatives in Greenland, and has assumed duty for group engagement and native programmes. Joan is a member of the Greenland Enterprise Affiliation Trade Committee for Mineral Exploration and Extraction 2022-2024.

Previous to this, Joan labored for 14 years in varied positions at Barclays Financial institution, together with changing into the Change Supervisor accountable for 13 websites, earlier than shifting to a Undertaking Supervisor function at Barclays’ head workplace.

In her new function, Joan will likely be accountable for overseeing strategic initiatives, driving progress and improvement, and overseeing the group’s Sustainability programmes. She’s going to play a pivotal function in guiding the Firm’s imaginative and prescient to create a Greenlandic legacy, and making certain its continued success.

Appointment of Company Secretary

Anna Solotova, VP Company Authorized, has been appointed Company Secretary following Joan’s appointment. She’s going to assume duty for company governance oversight, compliance administration, and making certain the Firm’s adherence to regulatory necessities in all jurisdictions the place the Firm is listed. Anna is a extremely skilled company legislation and governance skilled. Previous to becoming a member of Amaroq in 2022 Anna served as Company Secretary and head of Company governance group for Polyus Group, supporting the corporate on main inventory exchanges. She is an Affiliate member of the Chartered Governance Institute.

Conditional Award underneath RSU Plan

On 13 October 2023 Amaroq Minerals made an award (the “Award”) underneath the RSU Plan as detailed beneath. The Award consists of a conditional proper to obtain worth if the longer term efficiency targets, relevant to the Award, are met. Any worth to which the contributors are eligible in respect of the Award will likely be granted as Restricted Share Items (every an “RSU”), with every RSU entitling a participant to obtain widespread shares within the Firm. Every RSU will likely be granted underneath, and ruled in accordance with, the principles of the Firm’s Restricted Share Unit Plan (the “RSU Plan”).

The RSU Plan was permitted by the Firm’s shareholders on the AGM held on 15 June 2022. Full particulars of the RSU Plan are revealed on the Firm’s web site at 

The main points of the Award are as follows:

Award Date 13 October 2023
Preliminary Worth CAD 0.552
Hurdle Fee 10% p.a. above the Preliminary Worth
Whole Pool 10% of the expansion in worth above the Hurdle price, not exceeding 10% of the Firm’s share capital
The variety of shares will likely be decided on the Measurement Dates
Participant proportion Edward Wyvill, Company Growth                 10%
Efficiency Interval 1 January 2022 to 31 December 2025 (inclusive)
Regular Measurement Dates First Measurement Date: 31 December 2023, 50% vesting on the primary anniversary of grant, with the remaining 50% vesting on the third anniversary of grant.
Second Measurement Date: 31 December 2024, 50% vesting on the primary anniversary of grant, with the remaining 50% vesting on the second anniversary of grant.
Third Measurement Date: 31 December 2025, vesting on the primary anniversary of grant.

Enquiries:

Amaroq Minerals Ltd.
Eldur Olafsson, Government Director and CEO
[email protected]

Eddie Wyvill, Company Growth
+44 (0)7713 126727
[email protected]

Stifel Nicolaus Europe Restricted (Nominated Adviser and Dealer)

Callum Stewart
Varun Talwar
Simon Mensley
Ashton Clanfield
+44 (0) 20 7710 7600

Panmure Gordon (UK) Restricted (Joint Dealer)

John Prior
Hugh Wealthy
Dougie Mcleod
+44 (0) 20 7886 2500

Camarco (Monetary PR)

Billy Clegg
Elfie Kent
Charlie Dingwall
+44 (0) 20 3757 4980

For Company updates:

Comply with @Amaroq_Minerals on X (Previously often known as Twitter)

Comply with Amaroq Minerals Ltd. on LinkedIn

Additional Data:

About Amaroq Minerals

Amaroq Minerals’ principal enterprise targets are the identification, acquisition, exploration, and improvement of gold and strategic metallic properties in Greenland. The Company’s principal asset is a 100% curiosity within the Nalunaq Undertaking, a complicated exploration stage property with an exploitation license together with the beforehand working Nalunaq gold mine. The Company has a portfolio of gold and strategic metallic property in Southern Greenland protecting the 2 recognized gold belts within the area. Amaroq Minerals is integrated underneath the Canada Enterprise Companies Act and wholly owns Nalunaq A/S, integrated underneath the Greenland Public Corporations Act.

Neither TSX Enterprise Change nor its Regulation Providers Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Change) accepts duty for the adequacy or accuracy of this launch.

Inside Data

This announcement doesn’t include inside info.

  • Amaroq – Senior Administration Appointments and Conditional RSU Awards

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