Almonty Industries Inc T.AII

New Press Release - Almonty Receives Further and Final Commitments Under Previously Announced Placement; Manages Dundee Resources Limited's Divestment of Almonty Holding

Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI) is pleased to announce that in conjunction with its March 2024 Placement, the Company has closed a fourth tranche through the sale of the previously-announced firm commitment of 3,000,000...read article.

[chizzles]

This part of the News Release is huge for us. The Company further announces that, in conjunction with the conversion in January 2024 by Dundee Resources Ltd. (“Dundee”) of its entire holdings of long-term debt plus related accrued interest with Almonty, at the conversion price of Cdn$0.90 per share, the Company issued approximately 10.25 million common shares to Dundee. Dundee has been

[TwelveBagger]

  this should be the end of the wall! Next stop ATH GLTA

[corton68]

I guess this is one of the reasons why LB has been so quiet recently. Looks like a lot goes on in the background that we don't always know about! Still impressive to move that much stock and have the stock up at the same time.