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AEX Gold proposes changing name to Amaroq Minerals

Fri 13 May 2022 16:05 | A A A

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(Sharecast News) - AEX Gold called a special meeting on Friday, to be held in June, where shareholders would be asked to approve a change of the company's name to Amaroq Minerals.

The AIM-traded firm said it believed the time was appropriate for a rebranding, given its business now held licences in both gold and strategic minerals.

It said the meeting would be held at the same time as its annual general meeting in Toronto, on 16 June.

"The name AEX Gold no longer reflects the corporation's evolving business," the board said in its announcement.

"'Amaroq' also means 'Arctic Wolf' in Greenland, reflecting the focus to be recognised foremost as a Greenlandic business.

"The name also works with the corporation's existing logo, and thus will require minimal costly rebranding."

AEX said the proposed name change would be subject to certain regulatory approvals.

At 1546 BST, shares in AEX Gold were down 1.62% in London, at 41.32p.

Reporting by Josh White at Sharecast.com.

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