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Total Voting Rights and Notification of Transactions of a Persons Discharging Managerial Responsibilities (PDMR)
Globenewswire· 2025-12-02 16:38
Core Points - Amaroq Ltd. has issued 864,806 additional common shares, bringing the total share capital to 454,971,459 common shares as of December 2, 2025 [1][2] - The company does not hold any common shares in Treasury, which shareholders can use as a denominator for interest calculations [2] - CEO Eldur Olafsson executed an initial notification regarding the exercise of options set to expire on December 31, 2025, involving 626,616 common shares at a price of CAD$0.38 per share on December 1, 2025 [3] Company Overview - Amaroq Ltd. focuses on the identification, acquisition, exploration, and development of gold and strategic metal properties in South Greenland [5] - The principal asset of the company is a 100% interest in the Nalunaq Gold mine, along with a portfolio of assets covering two known gold belts and advanced exploration projects for strategic metals [5]
Bocana Resources Corp. Announces Joint Venture with Arizore Ltd to Form Arizore LLC
Globenewswire· 2025-10-14 21:50
Core Viewpoint - Bocana Resources Corp. has entered into a Joint Venture Agreement with Arizore Ltd to establish a new entity, Arizore LLC, focused on mining operations and digital asset innovation [1][2][3] Joint Venture Agreement - The Joint Venture Agreement was signed on September 23, 2025, and involves the establishment of Arizore LLC in Nevada, which will engage in mining activities including exploration, development, and production of various minerals [1][2] - Each member, Bocana and Arizore, will hold a 50% interest in the JV Company, and all intellectual property related to tokenization will be jointly owned [4][5] Funding and Operations - Arizore Ltd will provide up to USD 60 million in secured loans for project funding, covering acquisition costs, due diligence, capital expenses, and operational costs, with no equity contribution required from Bocana [2] - Bocana will act as the operator for exploration and mining operations, adhering to regulatory standards [2] Digital Asset Innovation - The JV aims to develop a secure digital infrastructure for tokenization of mining-related assets, potentially enabling broader access to these instruments [3] - Plans include the creation of structured investment products and gold-backed tokens, subject to regulatory compliance [3] Management Structure - The governance structure includes equal representation on the board of managers from both members, with certain decisions requiring unanimous consent [5] - A board member from Arizore will join Bocana's board and vice versa, fostering collaboration between the two companies [5] Company Background - Bocana Resources Corp. is focused on mineral exploration and development in North and South America, holding a 100% working interest in mineral properties in Bolivia [6]