RE:RE:RE:RE:RE:BID/ASK todayFROM ASX:
Toronto – 10 May 2024 - Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI) is pleased to announce that following its March 2024 Placement, the Company has received firm commitments to raise further gross proceeds of A$1,860,000 via the issuance of 3,000,000 Placement Chess Depository Interests Units (“CDIs”) at A$0.62 per CDI Unit(“Placement”). Each CDI Unit participant will be issued one free unlisted option for every one CDI issued (“Options), exercisable at A$0.84 with an expiry date of 24 months from the date of closing. Proceeds from the Placement will be applied towards general working capital and offer costs. The closing of the Placement is subject to receipt of all necessary regulatory approvals, including the acceptance by the TSX and ASX. RM Corporate Finance Pty Ltd acted as Lead Manager to the Placement and will be paid a total fee of 6% of the gross proceeds. For further information, please contact: Lewis Black Chairman, President and CEO Telephone: +1 647 438-9766 Email: info@almonty.com