Workflow
Market transition
icon
Search documents
Intention to transition to the Main Market of the London Stock Exchange and Voluntary Delisting from the TSX Venture Exchange
Globenewswire· 2026-02-18 07:00
Core Viewpoint - Amaroq Ltd. intends to transition to the Main Market of the London Stock Exchange and voluntarily delist from the TSX Venture Exchange due to low trading volumes in Canada and to access greater market liquidity and institutional support [2][3][6][7]. Group 1: Delisting from TSX Venture Exchange - Amaroq Ltd. has applied for a voluntary delisting of its common shares from the TSX Venture Exchange, effective at the close of trading on March 19, 2026 [3]. - The company believes that the financial costs and administrative requirements of maintaining its TSXV listing are no longer justified due to comparatively low trading activity in Canada [4]. - Shareholder approval is not required for the delisting as the company's shares will continue to trade on AIM, Nasdaq Iceland, and OTCQX, which are considered satisfactory alternative markets [5]. Group 2: Transition to the Main Market of LSE - Amaroq is planning to upgrade its London listing to the Main Market of the London Stock Exchange to enhance market liquidity and broaden its investor base [6][7]. - The company has appointed Citigroup Global Markets Limited as the sponsor and financial adviser for this transition process [7]. - The transition is expected to be completed in 2026, aligning with the company's growth and the need for increased institutional support [7]. Group 3: Shareholder Information and Ongoing Obligations - Following the delisting from the TSXV, Canadian shareholders will need to ensure their shares are eligible for transfer and settlement as depositary interests through CREST [8]. - The company intends to maintain CDS eligibility for its shares until April 30, 2026, to allow Canadian shareholders time to complete the necessary processes [9]. - Despite the delisting, Amaroq will continue to be subject to ongoing disclosure and other obligations as a reporting issuer under applicable securities legislation in Canada [10]. Group 4: Company Overview - Amaroq Ltd. focuses on the identification, acquisition, exploration, and development of gold and strategic metal properties in South Greenland, with its principal asset being a 100% interest in the Nalunaq Gold mine [12]. - The company has a portfolio that includes advanced exploration projects for strategic metals such as Copper, Nickel, and Rare Earths [12].