Amaroq publishes a Supplementary Prospectus in connection with Fundraising
February 21 2024 - 1:09PM
(
"Amaroq" or
the
"Corporation" or
the
"Company")
Amaroq publishes a Supplementary
Prospectus in connection with Fundraising
TORONTO, ONTARIO – 21 February 2024
– Amaroq Minerals Ltd. (AIM, TSX-V, NASDAQ Iceland: AMRQ),
an independent mining company with a substantial land package of
gold and strategic energy transition mineral assets in Southern
Greenland, announces publication of a Supplementary Prospectus,
consisting of a Supplement to the Registration Document dated 12
September 2023 and a Securities Note, along with a Summary, all
dated 21 February 2024, related to fundraising, details of which
were disclosed in announcements on 12 and 13 February 2024.
The Supplementary Prospectus dated 21 February
2024, has been approved by the Financial Supervisory Authority of
the Central Bank of Iceland. The Supplementary Prospectus which is
written in
English, has been published electronically to the company’s website https://www.amaroqminerals.com/investors/documents-circulars/.
In compliance with regulatory requirements, the
Supplementary Prospectus includes information from the management
accounts for the year ended December 31, 2023. That information,
which is unaudited and has not previously been published, is
provided below. The audited financial statements for the year ended
31 December 2023 are expected to be released on 25 March 2024.
Selected Financial
Information
LIABILITIES |
C$, December 31, 2023 |
Current liabilities – unguaranteed and
unsecured |
|
Accounts payable and accrued liabilities |
6,273,978 |
Lease liabilities – current portion |
80,206 |
|
6,354,184 |
Current liabilities –guaranteed and
secured |
|
Convertible notes |
36,018,312 |
|
36,018,312 |
Non-current liabilities – unguaranteed and
unsecured |
|
Lease liabilities |
577,234 |
|
577,234 |
Total liabilities- unguaranteed and unsecured |
6,931,418 |
Total liabilities- guaranteed and secured |
36,018,312 |
Total liabilities |
42,949,730 |
EQUITY |
|
Capital stock |
131,883,371 |
Contributed surplus |
6,960,168 |
Accumulated other comprehensive loss |
(36,772) |
Deficit |
(75,580,698) |
Total equity |
63,226,068 |
Total liability
and equity |
106,175,799 |
Enquiries:
Amaroq Minerals Ltd. Eldur Olafsson,
Executive Director and CEOeo@amaroqminerals.com
Eddie Wyvill, Corporate Development +44 (0)7713
126727ew@amaroqminerals.com
Stifel Nicolaus Europe Limited (Nominated Adviser and
Joint Broker)Callum StewartVarun TalwarSimon MensleyAshton
Clanfield+44 (0) 20 7710 7600
Landsbankinn hf. (Listing Agent)Ellert Arnarson
Ellert.Arnarson@landsbankinn.is
Fossar Investment Bank (Advisor)Thordur
HlynssonThordur.hlynsson@fossar.is+354 896 7641
Camarco (Financial PR)Billy CleggElfie
KentCharlie Dingwall+44 (0) 20 3757 4980
For Company updates:Follow @Amaroq_minerals on
TwitterFollow Amaroq Minerals Inc. on LinkedIn
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 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.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Inside InformationThis announcement does not
contain inside information.
- Amaroq publishes a Supplementary Prospectus in connection with
Fundraising
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