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Amaroq Ltd. Streamlines Securities with ISIN Unification

Story Highlights
  • Amaroq Ltd. is converting its Icelandic Depository Receipts into Depositary Interests.
  • This change unifies Amaroq’s securities under a single ISIN, simplifying operations.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Amaroq Ltd. Streamlines Securities with ISIN Unification

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An update from AEX Gold ( (TSE:AMRQ) ) is now available.

Amaroq Ltd. announced the conversion of its Icelandic Depository Receipts (IDRs) into Depositary Interests (DIs), streamlining its securities under a single ISIN. This change simplifies cross-border settlement and administration, allowing Icelandic investors to continue trading on Nasdaq Iceland in ISK without affecting shareholder rights or the underlying shares. The transition to DIs, which are dematerialized securities representing Amaroq’s Canadian common shares, ensures that all of Amaroq’s equity securities are unified, enhancing operational efficiency and maintaining trading continuity.

More about AEX Gold

Amaroq Ltd. is focused on the identification, acquisition, exploration, and development of gold and strategic metal properties in South Greenland. The company’s main asset is a 100% interest in the Nalunaq Gold mine. Amaroq holds a portfolio of assets in Southern Greenland, covering two known gold belts and advanced exploration projects for strategic metals such as copper, nickel, and rare earths.

For an in-depth examination of AMRQ stock, go to TipRanks’ Overview page.

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