Total Voting Rights and Notification of Transactions of a Persons Discharging Managerial Responsibilities (PDMR)
Amaroq Ltd (NASDAQ Iceland: AMRQ, OTCQX: AMRQF) reports updated total voting rights and a PDMR transaction.
Rhea-AI Summary
Amaroq Ltd (NASDAQ Iceland: AMRQ, OTCQX: AMRQF) reports updated total voting rights and a PDMR transaction.
Following issuance of 864,806 additional common shares under share-based incentive plans, the company’s total issued share capital is 454,971,459 common shares as at 02 December 2025. The company holds no treasury shares.
Chief Executive Officer Eldur Olafsson exercised options set to expire 31 December 2025, converting 626,616 options into common shares at CAD$0.38 per share on 01/12/2025 (transaction venue: XOFF).
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Details
News Market Reaction – AMRQF
On Dec 2, the day this news came out, AMRQF closed 0.76% below the previous close.
Data tracked by StockTitan Argus for the Dec 2 session.
Key Figures
- New shares issued
- 864,806 shares
- Issued under share-based incentive plans as at 02 Dec 2025
- Total share capital
- 454,971,459 shares
- Total issued common shares with voting rights on 02 Dec 2025
- Option exercise volume
- 626,616 shares
- CEO option exercise on 01/12/2025
- Option exercise price
- CAD$0.38
- Exercise price per share for CEO options
- Option expiry date
- 31 December 2025
- Expiry date of exercised options
- Current share price
- $1.248
- Price prior to this announcement
- 52-week high
- $8.51
- Pre-announcement 52-week high
- 52-week low
- $0.71
- Pre-announcement 52-week low
Historical Context
-
Nanoq 2025 drill results confirmed significant shallow gold-copper mineralisation.
-
Update to total voting rights and option exercises by two PDMRs.
-
Nalunaq 2025 drilling derisked near-term production and extended Main Vein.
-
Share issuance under incentive plans and CEO option exercise disclosure.
-
Major holder Kvika banki hf. increased its voting interest to 3.14%.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
persons discharging managerial responsibilities regulatory
pdmr regulatory
lei financial
isin financial
options financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Reykjavík, Dec. 02, 2025 (GLOBE NEWSWIRE) -- Amaroq Ltd.
(“Amaroq” or the “Company”)
Total Voting Rights and Notification of Transactions of a Persons Discharging Managerial Responsibilities (PDMR)
TORONTO, ONTARIO – 02 December 2025 – Amaroq Ltd. (AIM, TSX-V, NASDAQ Iceland: AMRQ, OTCQX: AMRQF), an independent mine development corporation focused on unlocking Greenland’s mineral potential, announces that, following the issue of 864,806 additional common shares under the Company’s share-based incentive plans, as at 02 December 2025 the Company’s share capital consists of 454,971,459 common shares of no par value each, and each with voting rights.
Given the Company does not hold any common shares in Treasury, this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in interest in, the share capital of the Company.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Eldur Olafsson |
| 2. | Reason for the Notification | |
| a) | Position/status | Chief Executive Officer |
| b) | Initial notification/Amendment | Initial notification |
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | Amaroq Ltd. |
| 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 instrument, type of instrument | Common shares of no par value in Amaroq Ltd. |
| Identification code | ISIN: CA02311U1030 | |
| b) | Nature of the transaction | Exercise of options set to expire 31 December 2025 |
| c) | Price(s) and volume(s) | Price(s) Volume(s) CAD |
| d) | Aggregated information: ·Aggregated volume ·Price | 626,616 CAD |
| e) | Date of the transaction | 01/12/2025 |
| f) | Place of the transaction | XOFF |
Enquiries:
Amaroq Ltd.
Ed Westropp, Head of BD and Corporate Affairs
+44 (0)7385 755711
ewe@amaroqminerals.com
Eddie Wyvill, Corporate Development
+44 (0)7713 126727
ew@amaroqminerals.com
Panmure Liberum Limited (Nominated Adviser and Corporate Broker)
Scott Mathieson
Freddie Wooding
+44 (0) 20 7886 2500
Canaccord Genuity Limited (Corporate Broker)
James Asensio
Harry Rees
+44 (0) 20 7523 8000
Camarco (Financial PR)
Billy Clegg
Elfie Kent
Fergus Young
+44 (0) 20 3757 4980
Further Information:
About Amaroq
Amaroq’s principal business objectives are the identification, acquisition, exploration, and development of gold and strategic metal properties in South Greenland. The Company’s principal asset is a
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
This announcement does not contain inside information.
FAQ
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