Toronto, Ontario, Feb. 27, 2024 (GLOBE NEWSWIRE) -- ("Amaroq" or the "Corporation" or the "Company"

Notification of Holdings

TORONTO, ONTARIO – 27 February 2024 – Amaroq Minerals Ltd. (AIM, TSX-V, NASDAQ Iceland: AMRQ), an independent mining company with a substantial land package of gold and strategic        energy transition mineral assets in Southern Greenland, as a result of the fundraising announced on 23 February 2024, announces the following changes in its major shareholders:

      I.      TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS
 
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:Amaroq Minerals Ltd.
1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)
Non-UK issuerX
2. Reason for the notification (please mark the appropriate box or boxes with an “X”)
An acquisition or disposal of voting rightsX
An acquisition or disposal of financial instruments 
An event changing the breakdown of voting rightsX
Other (please specify): 
3. Details of person subject to the notification obligation
NameJLE Property Ltd
City and country of registered office (if applicable)Lichfield, England
4. Full name of shareholder(s) (if different from 3.)
Name 
City and country of registered office (if applicable) 
5. Date on which the threshold was crossed or reached:23 February 2024
6. Date on which issuer notified (DD/MM/YYYY):26 February 2024
7. Total positions of person(s) subject to the notification obligation
 % of voting rights attached to shares (total of 8. A)% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)
Total of both in % (8.A + 8.B)Total number of voting rights held in issuer (8.A + 8.B)
Resulting situation on the date on which threshold was crossed or reached6.05%-6.05%19,745,773
Position of previous notification (if
applicable)
7.37%-7.37%19,407,936



8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
A: Voting rights attached to shares
Class/type of
shares
ISIN code (if possible)

Number of voting rights% of voting rights
Direct
(DTR5.1)
Indirect
(DTR5.2.1)
Direct
(DTR5.1)
Indirect
(DTR5.2.1)
CA02312A106619,745,773 6.05% 
     
SUBTOTAL 8. A19,745,7736.05%
 
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial instrumentExpiration
date
Exercise/
Conversion Period
Number of voting rights that may be acquired if the instrument is
exercised/converted.
% of voting rights
     
  SUBTOTAL 8. B 1  
 
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
Type of financial instrumentExpiration
date
Exercise/
Conversion Period
Physical or cash
Settlement
Number of voting rights % of voting rights
      
   SUBTOTAL 8.B.2  
 
9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an “X”)
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerX
Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary)
 
Name% of voting rights if it equals or is higher than the notifiable threshold% of voting rights through financial instruments if it equals or is higher than the notifiable thresholdTotal of both if it equals or is higher than the notifiable threshold
    
 
10. In case of proxy voting, please identify:
Name of the proxy holder 
The number and % of voting rights held 
The date until which the voting rights will be held 
 
11. Additional information
 


Place of completionLichfield, England
Date of completion
  1. February 2024

      II.      TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS
 
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:Amaroq Minerals Ltd.
1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)
Non-UK issuerX
2. Reason for the notification (please mark the appropriate box or boxes with an “X”)
An acquisition or disposal of voting rights 
An acquisition or disposal of financial instruments 
An event changing the breakdown of voting rightsX
Other (please specify): 
3. Details of person subject to the notification obligation
NameEldur Olafsson
City and country of registered office (if applicable)Reykjavik, Iceland
4. Full name of shareholder(s) (if different from 3.)
Name 
City and country of registered office (if applicable) 
5. Date on which the threshold was crossed or reached:23 February 2024
6. Date on which issuer notified (DD/MM/YYYY):26 February 2024
7. Total positions of person(s) subject to the notification obligation
 % of voting rights attached to shares (total of 8. A)% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)
Total of both in % (8.A + 8.B)Total number of voting rights held in issuer (8.A + 8.B)
Resulting situation on the date on which threshold was crossed or reached2.79%-2.79%9,108,918
Position of previous notification (if
applicable)
3.45%-3.45%9,108,918



8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
A: Voting rights attached to shares
Class/type of
shares
ISIN code (if possible)

Number of voting rights% of voting rights
Direct
(DTR5.1)
Indirect
(DTR5.2.1)
Direct
(DTR5.1)
Indirect
(DTR5.2.1)
CA02312A10669,108,918 2.79% 
     
SUBTOTAL 8. A9,108,9182.79%
 
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial instrumentExpiration
date
Exercise/
Conversion Period
Number of voting rights that may be acquired if the instrument is
exercised/converted.
% of voting rights
     
  SUBTOTAL 8. B 1  
 
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
Type of financial instrumentExpiration
date
Exercise/
Conversion Period
Physical or cash
Settlement
Number of voting rights % of voting rights
      
   SUBTOTAL 8.B.2  
 


9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an “X”)
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerX
Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary)
 
Name% of voting rights if it equals or is higher than the notifiable threshold% of voting rights through financial instruments if it equals or is higher than the notifiable thresholdTotal of both if it equals or is higher than the notifiable threshold
    
 
10. In case of proxy voting, please identify:
Name of the proxy holder 
The number and % of voting rights held 
The date until which the voting rights will be held 
 
11. Additional information
 


Place of completionReykjavik, Iceland
Date of completion26 February 2024

      III.      TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS
 
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:Amaroq Minerals Ltd.
1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)
Non-UK issuerX
2. Reason for the notification (please mark the appropriate box or boxes with an “X”)
An acquisition or disposal of voting rights 
An acquisition or disposal of financial instruments 
An event changing the breakdown of voting rightsX
Other (please specify): 
3. Details of person subject to the notification obligation
NameFirst Pecos, LLC
City and country of registered office (if applicable)Monahans, Texas USA
4. Full name of shareholder(s) (if different from 3.)
Name 
City and country of registered office (if applicable) 
5. Date on which the threshold was crossed or reached:23 February 2024
6. Date on which issuer notified (DD/MM/YYYY):26 February 2024
7. Total positions of person(s) subject to the notification obligation
 % of voting rights attached to shares (total of 8. A)% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)
Total of both in % (8.A + 8.B)Total number of voting rights held in issuer (8.A + 8.B)
Resulting situation on the date on which threshold was crossed or reached4.86%-4.86%15,853,128
Position of previous notification (if
applicable)
6.01%-6.01%15,853,128



8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
A: Voting rights attached to shares
Class/type of
shares
ISIN code (if possible)

Number of voting rights% of voting rights
Direct
(DTR5.1)
Indirect
(DTR5.2.1)
Direct
(DTR5.1)
Indirect
(DTR5.2.1)
CA02312A106615,853,128 4.86% 
SUBTOTAL 8. A15,853,1284.86%
 
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial instrumentExpiration
date
Exercise/
Conversion Period
Number of voting rights that may be acquired if the instrument is
exercised/converted.
% of voting rights
     
  SUBTOTAL 8. B 1  
 
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
Type of financial instrumentExpiration
date
Exercise/
Conversion Period
Physical or cash
Settlement
Number of voting rights % of voting rights
      
   SUBTOTAL 8.B.2  
 


9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an “X”)
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerX
Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary)
 
Name% of voting rights if it equals or is higher than the notifiable threshold% of voting rights through financial instruments if it equals or is higher than the notifiable thresholdTotal of both if it equals or is higher than the notifiable threshold
    
 
10. In case of proxy voting, please identify:
Name of the proxy holder 
The number and % of voting rights held 
The date until which the voting rights will be held 
 
11. Additional information
 


Place of completionMonahans, Texas USA
Date of completion26 February 2024

      IV.      TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS
 
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:Amaroq Minerals Ltd.
1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)
Non-UK issuerX
2. Reason for the notification (please mark the appropriate box or boxes with an “X”)
An acquisition or disposal of voting rights 
An acquisition or disposal of financial instruments 
An event changing the breakdown of voting rightsX
Other (please specify): 
3. Details of person subject to the notification obligation
NameLivermore Partners, LLC
City and country of registered office (if applicable)Northbrook, Illinois
4. Full name of shareholder(s) (if different from 3.)
Name 
City and country of registered office (if applicable) 
5. Date on which the threshold was crossed or reached:23 February 2024
6. Date on which issuer notified (DD/MM/YYYY):26 February 2024
7. Total positions of person(s) subject to the notification obligation
 % of voting rights attached to shares (total of 8. A)% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)
Total of both in % (8.A + 8.B)Total number of voting rights held in issuer (8.A + 8.B)
Resulting situation on the date on which threshold was crossed or reached4.44%-4.44%14,481,924
Position of previous notification (if
applicable)
5.49%-5.49%14,481,924



8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
A: Voting rights attached to shares
Class/type of
shares
ISIN code (if possible)

Number of voting rights% of voting rights
Direct
(DTR5.1)
Indirect
(DTR5.2.1)
Direct
(DTR5.1)
Indirect
(DTR5.2.1)
CA02312A106614,481,924 4.44% 
SUBTOTAL 8. A14,481,9244.44%
 
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial instrumentExpiration
date
Exercise/
Conversion Period
Number of voting rights that may be acquired if the instrument is
exercised/converted.
% of voting rights
     
  SUBTOTAL 8. B 1  
 
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
Type of financial instrumentExpiration
date
Exercise/
Conversion Period
Physical or cash
Settlement
Number of voting rights % of voting rights
      
   SUBTOTAL 8.B.2  
 


9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an “X”)
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerX
Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary)
 
Name% of voting rights if it equals or is higher than the notifiable threshold% of voting rights through financial instruments if it equals or is higher than the notifiable thresholdTotal of both if it equals or is higher than the notifiable threshold
    
 
10. In case of proxy voting, please identify:
Name of the proxy holder 
The number and % of voting rights held 
The date until which the voting rights will be held 
 
11. Additional information
 


Place of completionNorthbrook, Illinois
Date of completion26 February 2024