TIDMAEXG
RNS Number : 0438C
AEX Gold Inc
17 February 2022
("AEX" or the "Company")
Director/PDMR Shareholding
Notification of Transactions of Directors/Persons Discharging
Managerial Responsibilities (PDMRs)
TORONTO, ONTARIO - February 17, 2022 - AEX Gold Inc. (AIM: AEXG;
TSXV: AEX), announces that on February 08, 2022 it was informed
that Livermore Partners LLC, a company in which David Neuhauser,
Non-Executive Director of AEX, is Managing Director, acquired a
total of 27,500 common shares of no par value in the Company for an
average price of C$0.53. This brings Livermore Partners LLC's total
holding to 11,855,710 shares, 6.69% of the capital in the
Company.
DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY
AND THEIR CLOSELY ASSOCIATED PERSONS
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Livermore Partners LLC, David
Neuhauser
--------------------------------- ----------------------------------------------
2. Reason for the notification
---------------------------------------------------------------------------------
a) Position/status: Non-Executive Director
--------------------------------- ----------------------------------------------
b) Initial notification/Amendment Initial notification
--------------------------------- ----------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------
a) Name AEX Gold Inc
--------------------------------- ----------------------------------------------
b) LEI: 213800Q21S5JQ6WKCE70
--------------------------------- ----------------------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
---------------------------------------------------------------------------------
a) Description of the financial Common shares of no par value
instrument, type of instrument: in AEX Gold Inc.
Identification code: ISIN: CA00108V1022
--------------------------------- ----------------------------------------------
b) Nature of the transaction: Purchase of common shares of no
par value in AEX Gold Inc
--------------------------------- ----------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
1) C$ 0.53 17,200
--------- ----------
2) C$ 0.54 10,300
--------- ----------
--------------------------------- ----------------------------------------------
d) Aggregated information:
* Aggregated volume: 27,500
C$0.53
* Average price:
--------------------------------- ----------------------------------------------
e) Date of the transaction(s):
1) February 11(th) , 2022
2) February 15(th,) 2022
--------------------------------- ----------------------------------------------
f) Place of the transaction XTSX
--------------------------------- ----------------------------------------------
In addition to the above, the Company announces that in October
2021 Livermore Partners LLC acquired a total of 64,300 common
shares of no par value in the Company for an average price of
C$0.58. This brought Livermore Partners LLC's total holding from
11,700,610 shares to 11,764,910 shares, or from 6.61% to 6.64% of
the capital in the Company, prior to the purchases on 4(th) , 7(th)
, 8(th) , 11(th) and 15(th) February 2022, as announced.
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Livermore Partners LLC, David
Neuhauser
--------------------------------- ----------------------------------------------
2. Reason for the notification
---------------------------------------------------------------------------------
a) Position/status: Non-Executive Director
--------------------------------- ----------------------------------------------
b) Initial notification/Amendment Initial notification
--------------------------------- ----------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------
a) Name AEX Gold Inc
--------------------------------- ----------------------------------------------
b) LEI: 213800Q21S5JQ6WKCE70
--------------------------------- ----------------------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
---------------------------------------------------------------------------------
a) Description of the financial Common shares of no par value
instrument, type of instrument: in AEX Gold Inc.
Identification code: ISIN: CA00108V1022
--------------------------------- ----------------------------------------------
b) Nature of the transaction: Purchase of common shares of no
par value in AEX Gold Inc
--------------------------------- ----------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
1) C$ 0.55 14,000
--------- ----------
2) C$ 0.55 7,000
--------- ----------
3) C$ 0.59 43,300
--------- ----------
--------------------------------- ----------------------------------------------
d) Aggregated information:
* Aggregated volume: 64,300
C$0.58
* Average price:
--------------------------------- ----------------------------------------------
e) Date of the transaction(s):
1) October 20(th) , 2021
2) October 21(st) , 2021
3) October 22(nd) , 2021
--------------------------------- ----------------------------------------------
f) Place of the transaction XTSX
--------------------------------- ----------------------------------------------
Enquiries:
AEX Gold Inc.
Eldur Olafsson, Director and CEO
+354 665 2003
eo@aexgold.com
Eddie Wyvill, Investor Relations
+44 (0) 7713 126727
ew@aexgold.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
Camarco (Financial PR)
Billy Clegg
Emily Hall
+44 (0) 20 3757 4980
For Company updates:
Follow @AexGold on Twitter
Follow AEX Gold Inc. on LinkedIn
Further Information:
About AEX
AEX's principal business objectives are the identification,
acquisition, exploration and development of gold properties in
Greenland. The Corporation'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 assets covering
4,090km(2) , the largest portfolio of gold assets in Southern
Greenland covering the two known gold belts in the region. AEX is
incorporated under the Canada Business Corporations Act and wholly
owns Nalunaq A/S, incorporated under the Greenland Public Companies
Act.
Forward-Looking Information
This press release contains forward-looking information within
the meaning of applicable securities legislation, which reflects
the Corporation's current expectations regarding future events and
the future growth of the Corporation's business. In this press
release there is forward-looking information based on a number of
assumptions and subject to a number of risks and uncertainties,
many of which are beyond the Corporation's control, that could
cause actual results and events to differ materially from those
that are disclosed in or implied by such forward-looking
information. Such risks and uncertainties include, but are not
limited to the factors discussed under "Risk Factors" in the Final
Prospectus available under the Corporation's profile on SEDAR at
www.sedar.com . Any forward-looking information included in this
press release is based only on information currently available to
the Corporation and speaks only as of the date on which it is made.
Except as required by applicable securities laws, the Corporation
assumes no obligation to update or revise any forward-looking
information to reflect new circumstances or events. No securities
regulatory authority has either approved or disapproved of the
contents of this press release. 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 Information
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