On February 13, 2024, Amaroq Minerals Ltd. announced the result of a successful placing and subscription to raise funds for acceleration of the Nalunaq gold project in South Greenland.

The company has now on February 23, 2024 announced the closing of its fundraising pursuant to which it raised net proceeds of approx. £ 44 mio. (C$ 75 mio., and ISK 7.6 bill.) through issue of common shares which will be admitted to trading on AIM (London), TSX Venture Exchange (Toronto) and Nasdaq Iceland’s main market.

Nuna Law is pleased to have assisted Amaroq on this matter along with K&L Gates LLP (UK), Bennett Jones LLP (Canada), and Logos (Iceland).