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Almonty Announces Filing of Preliminary Base Shelf Prospectus Available for 25-Month Period
Almonty Industries Inc. (“ Almonty ” or the “ Company “) (NAS...
About this update from Almonty Industries Inc.
[{"type":"text","content":"Almonty Announces Filing of Preliminary Base Shelf Prospectus Available for 25-Month Period\n\n\n .bwalignc { text-align: center; list-style-position: inside }\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) (Frankfurt: ALI1), a leading global producer of tungsten concentrate, is pleased to announce that it has filed a preliminary short form base shelf prospectus (the “\n \n Preliminary Shelf Prospectus\n \n ”) with securities regulatory authorities in Ontario, Alberta and British Columbia (the “\n \n Canadian Regulators\n \n ”) and a corresponding registration statement on Form F-10 (the “\n \n Registration Statement\n \n ”) with the United States Securities and Exchange Commission (the “\n \n SEC\n \n ”) under the Canada/United States Multi-Jurisdictional Disclosure System.\n \n\n The Preliminary Shelf Prospectus and the Registration Statement remain subject to completion or amendment. Once a receipt for a final short form base shelf prospectus (the “\n \n Final Shelf Prospectus\n \n ”) is received from the Canadian Regulators and the corresponding registration statement is deemed effective by the SEC, the Company will be permitted to offer its preferred shares, debt securities, warrants, subscription receipts, common shares and units, or any combination thereof (collectively, the “\n \n Qualified Securities\n \n ”), from time to time during the 25-month period that the Final Shelf Prospectus will be effective. The Final Shelf Prospectus and the corresponding registration statement may also be used to qualify secondary offerings by securityholders of the Company.\n \n\n Almonty has filed the Preliminary Shelf Prospectus and Registration Statement to provide the Company with greater flexibility to access new capital going forward, but the Company has not entered into any agreements or arrangements to authorize or offer any Qualified Securities at this time. The terms of any future offerings or issuances of Qualified Securities under the Final Shelf Prospectus and the corresponding registration statement, the intended use of any net proceeds from such offerings, and the terms of the Qualified Securities to be offered, if any, will be establishe...