Amaroq delisting from TSX-V to take effect

(Sharecast News) - Amaroq said on Thursday that its voluntary delisting from the TSX Venture Exchange would take effect at the close of trading on 19 March, as the Greenland-focused mining company continued to consolidate trading in its shares across other markets.

The AIM-traded company confirmed that its common shares, in the form of depositary interests, would continue to trade on AIM in London, Nasdaq Iceland and the OTCQX market in the United States following the delisting.

It said Canadian shareholders wishing to trade their holdings on AIM or Nasdaq Iceland would need to transfer their shares into a format eligible for settlement through CREST, the UK-based share transfer and settlement system.

Shareholders holding stock via brokers were required to initiate cross-border transfer instructions, while those holding certificated or directly registered shares could submit a 'Register Removal Request - Canada to United Kingdom' form via Computershare.

The company added that it intended to maintain CDS eligibility for its shares until 30 April to allow Canadian investors time to complete the transition process.

Despite the move away from the TSX Venture Exchange, Amaroq said it would remain subject to ongoing disclosure and reporting obligations under Canadian securities legislation.

At 0939 GMT, shares in Amaroq were down 3.89% at 100.92p.

Reporting by Josh White for Sharecast.com.

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