Business
Almonty Announces a Sangdong Update and the Appointment of New Director in Anticipation of the Application for ASX Listing
TORONTO / May 31, 2021 / Business Wire / Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / OTCQX: ALMTF / Frankfurt: ALI.F) is pleased to announc
About this update from Almonty Industries Inc.
[{"type":"text","content":"TORONTO / May 31, 2021 / Business Wire / Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / OTCQX: ALMTF / Frankfurt: ALI.F) is pleased to announce the appointment of Andrew Frazer to its Board of Directors. The appointment of Mr. Frazer to our board is in anticipation of our application to the Australian Stock Exchange for listing. Andrew Frazer has over 30 years of capital markets experience and is the founder and managing director of Lazarus Corporate Finance Pty Ltd, Australian Financial Services Licence 403684, who is also acting as Lead Manager for the proposed offering in connection with the anticipated ASX listing. Prior to running his business under Lazarus Capital Partners, Andrew was a consultant at Azure Capital, focused on equity capital market transactions with clients both locally and internationally. Andrew started his career as a stockbroker with Hartley Poynton. He then went on to establish Hartleys’ office in Sydney before joining Patersons Securities. Andrew then moved to Morgan Stanley in 2010. Andrew graduated from the University of Western Australia with a Bachelor of Commerce – Honours, Bachelor of Jurisprudence and a Bachelor of Laws. Andrew also has obtained his CFA Charter, along with a Diploma from the Securities Institute of the Australian Stock Exchange. The Company is also pleased to announce the ground-breaking ceremony that was conducted at our Sangdong mine site on Friday, May 28th. Pictures of the ceremony are available on our website www.Almonty.com. Almonty’s Chairman, President and CEO Lewis Black commented: “I have known Andrew for more than ten years. In that time, he has continually supported the Company throughout our growth and brought such noted investors such as JP Morgan into our stock. I can think of no one better to guide us on a journey in Australia now that our prospectus will be submitted this week to ASIC and the ASX. He joins us at a time of enormous potential and growth for the Company. Testament of the support we enjoy in South Korea, the ground-breaking ceremony was attended by more than 100 people including all levels of Government, the Plansee group Korea, the Austrian embassy, KIGAM, KORES and AMCHAM. It was also a pleasure to host a large contingent of residents from the town of Sangdong themselves whose support is of paramount importance. The residents an...