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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

Comment by 1dollarinto2on Feb 23, 2024 2:06pm
135 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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