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Almonty Announces Delivery of Shareholder Meeting Materials to Vote on Proposed Currency Amendment for Convertible Equity Securities
Proposed Amendment to Change Currency of Exercise Price of Certain Share Purchase Warrants and CD...
About this update from Almonty Industries Inc.
[{"type":"text","content":"Almonty Announces Delivery of Shareholder Meeting Materials to Vote on Proposed Currency Amendment for Convertible Equity Securities\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n \n\n\n\n\n Proposed Amendment to Change Currency of Exercise Price of Certain Share Purchase Warrants and CDI Options to Eliminate Accounting Distortions\n \n\n\n\n\n Almonty Industries Inc. (“\n \n Almonty\n \n ” or the “\n \n Company\n \n ”) (NASDAQ: ALM) (TSX: AII) (ASX: AII) (OTCQX: ALMTF) (Frankfurt: ALI1), a leading global producer of tungsten concentrate, is pleased to announce that it has commenced mailing of its management information circular (the “\n \n Circular\n \n ”) and related proxy materials (collectively, the “\n \n Meeting Materials\n \n ”) to holders of its common shares (“\n \n Common Shares\n \n ”, and the holders thereof, “\n \n Shareholders\n \n ”) in connection with the special meeting of shareholders to be held in the North Boardroom at the offices of Suite 300 – 1055 W. Hastings Street, Vancouver, British Columbia on Monday, September 29, 2025, at 10:00 a.m. (Vancouver time) (the “\n \n Special Meeting\n \n ”).\n \n\n\n Special Meeting Overview\n \n\n\n At the Special Meeting, Shareholders will be asked to approve the amendment of the currency in which an aggregate of 1,481,480 outstanding warrants exercisable for an equal number of Common Shares (the “\n \n Warrants\n \n ”) and 6,558,336 options exercisable for an equal number of CHESS Depositary Interests representing Common Shares (the “\n \n CDI Options\n \n ”) are exercisable. The Warrants are currently exercisable at prices quoted in United States dollars, and the CDI Options are currently exercisable at prices quoted in Australian dollars. The proposed amendments would change the currency in which the Warrants and CDI Options are exercisable to Canadian dollars (the “\n \n Proposed Currency Amendments\n \n ”). Based on current exchange rates, it is not expected that the Proposed Currency Amendments will result in any effective decrease in the exercise price of the Warrants, and it is expected that any effective change in the exercise price of the CDI Options, if any, will be\n \n de minimis\n \n . Othe...