Almonty Industries Inc.
An SI Board Since July 2011
Posts SubjectMarks Bans Symbol
492 15 0 AII
Emcee:  Sultan Type:  Moderated
Almonty Industries Inc. Completes Acquisition of Woulfe Mining Corp. and Announces Financing Transactions of $7.78 Million

Toronto and Vancouver, British Columbia - September 11, 2015 - Almonty Industries Inc. (“Almonty”) (TSXV: AII) and Woulfe Mining Corp. (“Woulfe”) (CSE: WOF, Frankfurt: OZ4) are pleased to announce that Almonty has completed its acquisition of Woulfe by acquiring all of the outstanding shares of Woulfe pursuant to an arrangement under the Business Corporations Act (British Columbia) (the “BCBCA”). The transaction was previously approved by Woulfe shareholders in accordance with the requirements of the BCBCA, and was subsequently approved by the Supreme Court of British Columbia. It is expected that the common shares of Woulfe will be delisted from the Canadian Securities Exchange at the close of business on or about September 14, 2015. Under the arrangement, each Woulfe common share has been exchanged for 0.1029 of one Almonty common share. Registered Woulfe shareholders should follow the instructions in Woulfe’s management information circular dated July 28, 2015 in order to obtain certificates representing their Almonty common shares due to them under the arrangement. Almonty has issued an aggregate of 34,806,205 Almonty common shares in connection with the arrangement.

Company Overview

Woulfe Mining a CSE listed company with a diversified portfolio of mining licenses for tungsten, molybdenum, gold, base metals and uranium-vanadium in South Korea.

The company is focused on the development of the Sangdong tungsten mine (one of the World's largest and most renowned tungsten mine's for 40 years) a property that we believe has substantial value for our shareholders. The outcome of the scoping study in March 2010 determined that the project NPV was US$467 million at a commodity price of $25,000 per tonne Ammonium Paratungstate (APT). Today, the APT price is over US$45,000 per tonne. Woulfe has accelerated the project due to the robust project and market. The company's target is to move to production at the end of 2012. In the last 18 months the company has focused on building the Sangdong tungsten mine team and reopening the mine. The project is well staffed with professionals and is moving forward rapidly.

Woulfe Corporate has now turned its focus to the Muguk gold project, historically Korea's largest producing gold mine. In 1998, Muguk was reported by Korea Resources Corporation (KORES) to contain a combined resource of 1,418,980 tonnes @ 13.5 g/t gold, 72.8 g/t silver (615,956 oz gold and 3,321,599 oz silver). Woulfe cautions that a Qualified Person has not done sufficient work to classify the historical estimate as current, that it is not treating the historical estimate as current and that the historical estimate should not be relied upon. A drill campaign is starting drilling the down dip extensions of the Three Brothers Vein in June 2011. Woulfe's other projects will be considered once these two projects are moving to production, in order to unlock value for shareholders and to move the company to a positive cash flow as quickly as possible.

Shares Issued and Outstanding 268,206,883
Options 12,975,000
Warrants 42,906,750
Fully Diluted 324,088,583
Listings CSE: WOF
Frankfurt: OZ4.F
Previous 25 | Next 25 | View Recent | Post Message
Go to reply# or date (mm/dd/yy):
ReplyMessage PreviewFromRecsPosted
492Almonty Insiders.. Today's filing is by the CFO .. canadianinsider.comSultan-February 14
491First Berlin – Almonty Industries Inc. Research Update (12.02.2018) First BerlSultan1February 12
490Almonty Announces Positive $2,875,000 Q4 EBITDA from Mining Operations and the FSultan-February 5
489Another 25k shares at 0.55 bought and cancelled by the company on Jan 22 but filSultan-February 4
488Yep.. I plan to add to my position.. Just a question of timing and finances..Sultan-February 1
487Very pleased to see the conversion price of loonie a share. Clearly expectationLoneClone-February 1
486Almonty is now poised to take off .. just a matter of time.. Almonty AnnouncesSultan-February 1
485Tungsten: Almonty & POSCO sign EPC contract for Sangdong mine roskill.comSultan-January 14
4842017 REVIEW: China dictates tungsten highs and lows but global industry breathesSultan1January 9
483Nice Summary of Insider's positions .. Shareholders Name Equities % LeSultan1January 5
482Hey, it only took a decade.... LCLoneClone-12/28/2017
481Almonty Announces the Signing of the EPC Contract for the Sangdong Mine DevelopmSultan-12/28/2017
480Few more insider trades as well as cancellation .. canadianinsider.comSultan-12/12/2017
479Original-Research Almonty Industries Inc. (von First Berlin Equity Research Sultan-12/12/2017
478Director, Daniel Guy D'Amato continues to add to his position.. Added on NoSultan-11/30/2017
477First buy by the company and cancellation - 9,500 shares at 0.556 on Nov. 24thSultan-11/29/2017
476Insider Trades - Individual Buying continues canadianinsider.comSultan-11/14/2017
475Let's see what the financing entails.. I am really looking forward to see tSultan-11/12/2017
474I find this announcement truly bizarre. Why would you be spending capital to buyLoneClone-11/12/2017
473Tungsten .. starts at 33 minute mark Secrets of the Super Elements youtube.coSultan-11/11/2017
472Almonty Industries Inc. Announces Its Intention to Initiate a Normal Course IssuSultan-11/9/2017
471November Presentation almonty.comSultan-11/3/2017
470Almonty Announces Closing of Non-Brokered Private Placement Financing of ApproxiSultan-10/25/2017
469Almonty Announces Closing of Private Placement Financing With JP Morgan Asset MaSultan-10/19/2017
Previous 25 | Next 25 | View Recent | Post Message
Go to reply# or date (mm/dd/yy):
Copyright © 1995-2018 Knight Sac Media. All rights reserved.Stock quotes are delayed at least 15 minutes - See Terms of Use.