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Almonty Industries Inc T.AII

Alternate Symbol(s):  ALMTF

Almonty Industries Inc. is engaged in the mining, processing and shipping of tungsten concentrate from its Los Santos tungsten mine located near Salamanca, Spain, the processing and shipping of tungsten concentrate from its Panasqueira tin and tungsten mine in Covilha, Castelo Branco, Portugal, the evaluation of its Valtreixal tin and tungsten mine project located in Western Spain, as well as the evaluation and expected re-opening of its Sangdong tungsten mine project located in South Korea.


TSX:AII - Post by User

Comment by 1dollarinto2on Feb 23, 2024 2:06pm
113 Views
Post# 35896145

RE:RE:Old Woulfe Insiders

RE:RE:Old Woulfe InsidersGlad the post was useful to you rockminer56. I had a look at the convertable debentures and have no concerns on those. From the following link:

https://almonty.com/wp-content/uploads/2019/06/MIC_Woulfe_20150728_SEDAR.pdf

It looks like there were convertible debentures for a $4,000,000 loan, a $1,000,000 loan, and a $350,000 loan. The conversions amounted to 30,768,000 shares, 16,666,667 shares and 3,043,478 shares and warrants respectively.

From what I can tell, the $4,000,000 was from Dundee and the $1,000,000 was from Almonty.

Almonty acquired the Dundee debenture for $2.6 million back in 2015 and $1.4 million over the following five years and some Almonty shares which Dundee has already sold.

The one I wasn’t sure of was the one for 3,043,478 shares and 3,043,478 warrants ($350,000 debenture), not too worried on this one though as it only converted to 313,173 Almonty shares each at exercise prices of $1.12 and $1.17 with expiration date of 2019.

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