Business
Almonty announces the hiring of investor relations consultants, the granting of options and amendment to its stock option plan
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES / ...
About this update from Almonty Industries Inc.
[{"type":"text","content":"\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ \n\n\n\nTORONTO, Dec. 8, 2014 /CNW/ - Almonty Industries Inc. (\"Almonty\" or the \"Company\") (TSX-V: AII) today announced that it has entered into Investor Relations Consulting Agreements with each of Mr. Richard Schaeffer, Mr. Samuel Gaer and Mr. Thomas Ross.  Each Consulting Agreement is extendable on a month to month basis by mutual consent of the parties, and calls for the provision to the Company of investor relations and corporate communications services. \n\nPursuant to the Consulting Agreements, Almonty will grant stock options to each of the consultants, with Mr. Schaeffer receiving 300,000 options, and Mr. Gaer and Mr. Ross each receiving 200,000 options.  The options are being granted pursuant to the stock option plan of Almonty (as amended) with each option permitting the holder to purchase one common share of Almonty at a price of $0.67 for the period in which the investor relations services are being provided and for a period of one year from the date the applicable Consulting Agreement terminates.  The options will vest evenly over the next 12 months. \n\nIn order to accommodate the option grants, the board of directors have approved an amendment to the stock option plan of Almonty to allow for options to be granted to persons conducting investor relations activities, subject to certain limitations. \n\nThe Consulting Agreements, grant of options and stock option plan amendment are all subject to approval by the TSX Venture Exchange.  In addition, the grant of options and stock option plan amendment are subject to approval at the next annual meeting of shareholders of Almonty.  Mr. Schaeffer is the owner of 8,000 common shares of Almonty and he will not be eligible to vote on such matters. \n\nLewis Black, Chief Executive Officer of Almonty commented, \"We are extremely pleased that we have been able to attract tier one candidates to drive our IR forward. Richie, Sam and Tom share Almonty's vision of consolidation and very much want to be part of the momentum that we are achieving. We now feel that we have a team that permits the company to complete its target of consolidation.\" \n\nDetails regarding the investor relations consultants follow. \n\nRichard M. Schaeffer \n\nMr. Schaeffer served as th...