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Almonty Industries Inc T.AII

Alternate Symbol(s):  ALMTF

Almonty Industries Inc. is a Canada-based company, which is engaged in the mining, processing and shipping of tungsten concentrate, as well as the exploration and evaluation of its projects. The Company operates through four segments: Los Santos Mine, Panasquiera Mine, Valtreixal Project, and Woulfe. The Los Santos Mine is located in Spain whose operations relate to the exploration and mining of Tungsten. The Panasqueira Mine is located in Covilha Castelo Branco, Portugal, whose operations relate to the exploration and mining of tungsten, as well as the production of copper and tin concentrate by-products. The Valtreixal Project is located in Spain whose operations relate to the exploration and evaluation activities of the Valtreixal tin/tungsten project. Woulfe’s properties are located in Gangwon Province, Republic of Korea. The Woulfe's operations relate primarily to the exploration, evaluation and development of the Sangdong Project.


TSX:AII - Post by User

Bullboard Posts
Post by chrisp6712on Sep 11, 2019 7:05pm
132 Views
Post# 30117923

Small GTP stock sale

Small GTP stock sale

https://finance.yahoo.com/news/global-tungsten-disposes-shares-almonty-203000337.html

MONTREAL , Sept. 11, 2019 /CNW Telbec/ - Global Tungsten & Powders Corp. ("GTP") disposed of 159,500 shares of Almonty Industries Inc. ("Almonty") representing approximately 0.088% of the issued and outstanding common shares of Almonty (the "Almonty Shares")

Prior to the disposition of shares, GTP had control over 27,562,500 common shares of Almonty (which shares are held and under common control by GTP Europe S.A.R.L) representing approximately 19.7% of the then outstanding common shares of Almonty on a non-diluted basis.

Immediately after the disposition of Almonty Shares and due to issuer activities, GTP has control over 27,403,000 common shares representing a decrease of 4.6% interest from 19.7% to approximately 15.10% of the issued and outstanding common shares on a non-diluted basis.

GTP disposed the Almonty Shares for investment purposes only and not with a view to materially affecting control of Almonty. Depending upon market conditions and other factors, GTP may, from time to time, acquire or dispose of additional securities of Almonty, in the open market, by private agreement or otherwise, or acquire interests in or enter into related financial instruments involving a security of Almonty.

The head office address of Almonty is 100 King Street West, Suite 5700, Toronto , ON  M5X 1C7.

SOURCE Global Tungsten & Powders Corp.

 

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