Almonty Industries Inc. (“Almonty”) (TSXV:AII) notes the announcement
earlier today by Ormonde Mining plc (“Ormonde”) confirming that the
ordinary resolution to approve the Oaktree Project Financing at
Ormonde’s Extraordinary General Meeting was duly passed.
As a result of the passing of the ordinary resolution, Almonty announces
that it does not intend to make an offer for Ormonde. Accordingly,
Almonty is bound by the restrictions under Rule 2.8 of the Irish
Takeover Rules.
Neither TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
The directors of Almonty accept responsibility for the information
contained in this announcement, save that the only responsibility
accepted by the directors of Almonty in respect of the information in
this announcement relating to Ormonde, the Board of Ormonde and the
persons connected with them, which has been compiled from published
sources, has been to ensure that such information has been correctly and
fairly reproduced or presented (and no steps have been taken by the
directors of Almonty to verify this information). To the best of the
knowledge and belief of the directors of Almonty (having taken all
reasonable care to ensure that such is the case), the information
contained in this announcement for which they accept responsibility is
in accordance with the facts and does not omit anything likely to affect
the import of such information.
Disclaimer for Forward-Looking Information
When used in this press release, the words “estimate”, “project”,
“belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or
“should” and the negative of these words or such variations thereon or
comparable terminology are intended to identify forward-looking
statements and information. This press release contains forward-looking
statements and information including, without limitation, that Almonty
does not intend to make an offer for Ormonde. These statements and
information are based on management’s beliefs, estimates and opinions on
the date that statements are made and reflect Almonty’s current
expectations.
The forward-looking statements and information in this press release
include information relating to the intentions of management. Such
statements and information reflect the current view of Almonty with
respect to risks and uncertainties that may cause actual results to
differ materially from those contemplated in those forward-looking
statements and information. By their nature, forward-looking statements
involve known and unknown risks, uncertainties and other factors and
assumptions which may cause actual results, performance or achievements,
or other future events, to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements.
Investors are cautioned against attributing undue certainty to
forward-looking statements. Almonty cautions that the foregoing list of
material factors is not exhaustive. When relying on Almonty’s
forward-looking statements and information to make decisions, investors
and others should carefully consider the foregoing factors and other
uncertainties and potential events.
Almonty has also assumed that material factors will not cause any
forward-looking statements and information to differ materially from
actual results or events. However, the list of these factors is not
exhaustive and is subject to change and there can be no assurance that
such assumptions will reflect the actual outcome of such items or
factors.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE
REPRESENTS THE EXPECTATIONS OF ALMONTY AS OF THE DATE OF THIS PRESS
RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS
SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND
SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE
ALMONTY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION
AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE
LAWS.
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