Transactions

Transactions

Overview

Almonty Industries Inc. Completes Acquisition of Woulfe Mining Corp. and Financing of $6.1 Million

September 15, 2015

Almonty Industries Inc. (“Almonty”) completed its acquisition of Woulfe Mining Corp. (“Woulfe”) by acquiring all of the outstanding shares of Woulfe pursuant to an arrangement under the Business Corporations Act (British Columbia). The transaction was previously approved by Woulfe shareholders and was subsequently approved by the Supreme Court of British Columbia.

Almonty also completed a non-brokered private placement of a secured convertible debenture in the principal amount of $4 million as well as an unsecured term loan bridge financing of $2.1 million for combined total gross proceeds of $6.1 million.

Wildeboer Dellelce LLP represented Almonty with a team that included Charlie Malone, Jeff Hergott, Michael Rennie, Luigi Valente, Rebecca Cochrane and Carlye Bellavia (corporate/securities) and Kevin Fritz (tax).