Amaroq Announces Market-Making Arrangements with Arion Banki and Landsbankinn - Seite 2

Amaroq confirms that the market-making services provided by Arion Bank and Landsbankinn are limited to the Depositary Receipts listed on the NASDAQ First North. Any market-making activities in Canada will be conducted using a registered broker in compliance with Policy 3.4 of the Exchange, IIROC's Universal Market Integrity Rules & Policies and other relevant policies.

Neither marking-making agreement entered into with Arion Bank or Landsbankinn contain any performance factors, and neither Arion Bank nor Landsbankinn will receive any common shares or options as compensation. Further, Arion Bank, Landsbankinn and Amaroq are unrelated and unaffiliated entities and, as of the date hereof, Arion Bank holds 4,835,408 common shares of Amaroq ("Common Shares") and Landsbankinn holds 563,175 Common Shares, representing approximately 1.84% and 0.21%, respectively, of the issued and outstanding Common Shares on a non-diluted basis.

Enquiries:

Amaroq Minerals Ltd.

Eldur Olafsson, Executive Director and CEO
[phone]
[e-mail]

Eddie Wyvill, Investor Relations
[phone]
[e-mail]

Stifel Nicolaus Europe Limited (Nominated Adviser and Broker)

Callum Stewart
Simon Mensley
Ashton Clanfield
[phone]

Panmure Gordon (UK) Limited (Joint Broker)

John Prior
Hugh Rich
Dougie Mcleod
[phone]

SI Capital Limited (Joint Broker)

Nick Emerson
Charlie Stephenson
[phone]

Camarco (Financial PR)

Billy Clegg
Elfie Kent
Charlie Dingwall
[phone]

For Company updates:

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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 covering 7,866.85km², the largest mineral portfolio 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.

Inside Information

This announcement does not contain inside information.

SOURCE: Amaroq Minerals Ltd.

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The Amaroq Minerals Stock at the time of publication of the news with a raise of +1,39 % to 0,730CAD on TSX Venture stock exchange (09. Dezember 2022, 18:13 Uhr).