Panmure Liberum acted as Nominated Adviser, Joint Bookrunner and Joint Broker on Amaroq Minerals Ltd’s £27.5 million fundraise
We are pleased to announce that Panmure Liberum has acted as Nominated Adviser, Joint Bookrunner and Joint Broker on a significantly over-subscribed and successful fundraise for Amaroq Minerals, raising gross proceeds of £27.5m through a UK placing, an Icelandic placing and a Canadian subscription.
Amaroq’s principal business objectives are the identification, acquisition, exploration, and development of gold and strategic metal properties in South Greenland with their principal asset being the Nalunaq Gold mine which recently achieved first gold and is now in the commissioning and ramp-up phase.
The net use of proceeds of the fundraise will be used to strengthen the Company’s working capital position during Nalunaq’s ramp-up phase and to accelerate growth opportunities within the Company’s portfolio of assets in Greenland across both gold and strategic minerals.
Admission and settlement of the new shares are expected on 16 December 2024.
Panmure Liberum Team:
Investment Banking – Scott Mathieson, Nikhil Varghese, Josh Moss
Corporate Broking – Kieron Hodgson, Rauf Munir
ECM – Graham Smith
Research – Yuen Low
Sales – Simon Fickling
CIR – Connie Owens
Legal – Rebecca Gordon, Emily Troubridge
Settlements – Glen Thielemans, Robert Simpson
