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Amaroq Minerals Ltd. has again made a successful fundraising with gross proceeds of approximately £45 million (C$83.2 million, ISK 7.6 billion). The proceeds of the fundraising will be used to support the ongoing commissioning and production expansion at the Nalunaq mine, creation of a new hub in West Greenland, accelerate and deepen exploration drilling and the preparation of technical studies of the assets and provide additional balance sheet strength and working capital flexibility to the Company.
Amaroq Minerals Ltd. owns Nalunaq A/S having the gold project in South Greenland. The company is listed on AIM (London), TSX Venture Exchange (Toronto) and Nasdaq First North Growth Market (Iceland).
Nuna Law has acted as local legal advisor to Amaroq Minerals Ltd. in connection with the fundraising. We look forward to following the further development of the gold mine and creation of a new hub in West Greenland.
See press release: https://polaris.brighterir.com/public/amaroq_minerals/news/rns/story/xqnnl7x
