focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Lawrence, you can add me to your list, I have 95,000 share bought through HL in two accounts bought over the period September 2019 and March 2022.
Don’t know if this helps but on page 23 of the admission document item 4 states
“History and Background of the Group
On 25 September 2015, a Greenlandic joint venture company, Nalunaq A/S, was incorporated in
which Arctic Resources Capital was a 66.66 per cent. shareholder and AEX Gold Limited (formerly
known as FBC Mining (Nalunaq) Limited), a wholly-owned subsidiary of FBC Mining (Holdings)
Limited, a 33.33 per cent. shareholder. Arctic Resources Capital is an entity in which Eldur Ólafsson
(CEO of the Company) and Graham Stewart (Chairman of the Company) were shareholders. AEX
Gold Limited is an indirect wholly-owned subsidiary of FBC Holdings SARL, an entity controlled by
Cyrus Capital Partners LP. The Nalunaq Property was previously operated by Angel Mining (Gold)
A/S and Arctic Mining Limited, subsidiaries of Angel Mining PLC. Angel Mining PLC entered into
administration in 2013. Subsequently, a sale and purchase agreement was signed between Angel
Mining (Gold) A/S and Nalunaq A/S on 15 October 2015 for the sale of the Nalunaq Licence and certain associated assets for a consideration of DKK 250,000. The Greenland Government formally
approved the transfer of the licence to Nalunaq A/S in March 2016.
On 31 March 2017, Nalunaq A/S further acquired the existing underground processing facility from
AEX Gold Limited (formerly known as FBC Mining (Nalunaq) Limited) for an initial cash
consideration of US$1, deferred consideration of up to US$1,999,999 on a “pay as you can” basis
(adjustable depending on the extent of future use of, and remediation work required on, the plant
which was acquired), and a one per cent. royalty on net revenue (subject to a lifetime cap of
US$1 million).
The Company was incorporated on 22 February 2017. Prior to the Company’s IPO on the TSX-V,
Nalunaq A/S and the Company underwent a corporate reorganisation, which resulted in the
Company acquiring the entire issued share capital of Nalunaq A/S from Arctic Resources Capital,
certain of Arctic Resources Capital’s shareholders and AEX Gold Limited (formerly FBC Mining
(Nalunaq) Limited), with these parties being issued shares in the Company in exchange. The
Company listed on the TSX-V on 13 July 2017, raising gross proceeds of C$6.8 million.
On 6 February 2017, the Company acquired the Vagar Licence for a purchase price of
DKK 50,000. In addition, during 2017, the Company conducted an exploration work programme
which included 14 surface boreholes drilled at the Nalunaq Property as well as 255 metres of
channel samples cut across four lines at the Company’s Tartoq Licence. The programme was
completed under-budget and confirmed strike continuity across Nalunaq Mountain, and down dip
and strike extension potential to the South Block mining area, increasing confidence in the
exploration potential of the Nalunaq Property.”
If you trawl through the filing history of Angel Mining at Companies House you may find something in the various administrators reports try https://find-and-update.company-information.service.gov.uk/company/03319691
Yup, I suspect quite a few Flow customers will move from Flow - I go to Bulb early May. Bulb also give a referral BONUS anyone using a referral link to sign up with Bulb get an introductory credit of �50 as does the person referring them. All round it's a WIN, WIN, WIN for all three parties. Sign up with bulb using my link and you get the bonus bulb.co.uk/refer/karoll1003