05:50:21 EDT Fri 29 Mar 2024
Enter Symbol
or Name
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AEX Gold Inc
Symbol AEX
Shares Issued 177,098,737
Close 2022-05-12 C$ 0.66
Market Cap C$ 116,885,166
Recent Sedar Documents

AEX Gold seeks shareholder OK for name change

2022-05-13 09:51 ET - News Release

Mr. Eldur Olafsson reports

CHANGE OF NAME, ANNUAL REPORT AND NOTICE OF MEETING

AEX Gold Inc. intends to post its annual report and financial statements for the year ended Dec. 31, 2021, and notice of annual and special general meeting of shareholders and management information circular to shareholders today. Copies of the documents will be available on the company's website and on SEDAR.

The meeting will be held on Thursday, June 16, 2022, at 10 a.m. (Toronto time). Shareholders will not be able to attend the meeting in person. Instead, registered shareholders and duly appointed proxyholders can participate, vote or submit questions at the virtual meeting.

Among the resolutions, shareholders will be asked to consider authorizing an amendment to the articles of the corporation to change the name of the corporation from AEX Gold to Amaroq Minerals Ltd. Management believes that the time is appropriate to rebrand the corporation due to the corporation's business now being recognized for both holding mineral licences in gold and also in strategic minerals. The name AEX Gold no longer reflects the corporation's evolving business. Amaroq also means arctic wolf in Greenland, reflecting the focus to be recognized foremost as a Greenlandic business. The name also works with the corporation's existing logo and thus will require minimal costly rebranding.

The proposed name change is subject to certain regulatory approvals.

In addition to the above, shareholders will be voting:

  • To receive and consider the financial statements of the corporation for the financial year ended Dec. 31, 2021, together with the report of the auditors thereon;
  • To elect the directors of the corporation and to appoint the auditor of the corporation for the ensuing year;
  • To consider the corporation's stock option plan and restricted share unit plan.

About AEX Gold Inc.

AEX's principal business objectives are the identification, acquisition, exploration and development of gold and strategic metal properties in Greenland. The corporation's principal asset is a 100-per-cent interest in the Nalunaq project, an advanced exploration-stage property with an exploitation licence, including the previously operating Nalunaq gold mine. The corporation has a portfolio of gold and strategic metal assets covering 7,615.85 square kilometres, the largest mineral portfolio in Southern Greenland, covering the two known gold belts in the region. AEX is incorporated under the Canada Business Corporations Act and wholly owns Nalunaq A/S, incorporated under the Greenland Public Companies Act.

We seek Safe Harbor.

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