Almonty Industries Inc. Completes $2 Million Debenture Offering

December 18, 2018

Almonty Industries Inc. (TSX: AII) has completed a non-brokered private placement of an unsecured convertible debenture in the principal amount of $2 million. The debenture was acquired by Deutsche Rohstoff AG, an existing principal shareholder of Almonty.

The principal business of Almonty is the mining, processing and shipping of tungsten concentrate, as well as the refurbishment and development of certain of its properties. Almonty holds mineral interests in Spain, Portugal, Australia and South Korea.

Wildeboer Dellelce LLP represented Almonty with a team that consisted of Charlie Malone, Michael Rennie and Jessica Coco (corporate/securities).