Almonty Receives Firm Commitments Under a Proposed Equity Pl Toronto – 23 December 2024 – Almonty Industries Inc. (“Almonty” or the “Company“) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI) is pleased to announce that the Company has received firm commitments to raise gross proceeds of the equivalent of A$5.95 million via the issuance of 2.0 million Canadian units and 4.56 million Placement Chess Depository Interests Units (“CDIs“) at C$0.82 per Canadian unit and A$0.90 per CDI Unit (“Placement“), respectively.
Each Canadian unit and CDI Placement Unit participant will be issued with one warrant for every common share issued and one free unlisted option for every one CDI issued, exercisable at C$1.14 and A$1.25, respectively, with an expiry date of three years from the date of closing. (“Options“).
Proceeds from the Placement will be applied towards restructuring the Company’s balance sheet and towards offer costs.
The Canadian units and Placement CDI units are expected to settle on or about 30 December 2024. The Canadian Units and CDI Placement Units issued will rank equally with existing CDI’s and Common Shares on issue.
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 will act as Lead Manager to the Placement and will be paid a total fee of A$85,500.