13th Apr 2023 17:30
Amaroq Minerals Ltd - Greenland-focused mine development company - Says that all the conditions for the release from escrow of the subscription and shareholders' agreement with Nalunaq AS and GCAM LP have been satisfied or waived. Consequently, the subscription and agreement becomes effective. At completion, GCAM LP will subscribe for GBP18 million and will be issued with 490,000 shares in the new joint venture company Gardaq AS, representing 49% of the JV. Through the joint venture company, Amaroq will focus on exploring for significant strategic minerals deposits in the Sava Copper Belt, Stendalen, Paatusoq and Kobberminebugt. Read More
