Business
Almonty Industries Announces 1-for-1.5 Share Consolidation in Anticipation of Potential Nasdaq Listing
Almonty Industries Inc. (“ Almonty ” or the “ Company “) (TSX...
About this update from Almonty Industries Inc.
[{"type":"text","content":"Almonty Industries Announces 1-for-1.5 Share Consolidation in Anticipation of Potential Nasdaq Listing\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 “) (TSX: AII) (ASX: AII) (OTCQX: ALMTF) (Frankfurt: ALI), a leading global producer of tungsten concentrate, is pleased to announce that it has filed articles of amendment to consolidate its issued and outstanding common shares (“\n \n Shares\n \n ”) on the basis of one (1) post-consolidation Share for every one and a half (1.5) pre-consolidation Shares (the “\n \n Consolidation\n \n ”). The Consolidation was approved by shareholders of the Company (“\n \n Shareholders\n \n ”) at the annual general and special meeting of Shareholders held on April 30, 2025. The Company is implementing the Consolidation for the reasons disclosed in the management information circular dated March 21, 2025 (the “\n \n Circular\n \n ”), including to facilitate a potential Nasdaq listing.\n \n\n The Company expects that the Shares will commence trading on a post-Consolidation basis at the start of trading on July 7, 2025 on the Toronto Stock Exchange (the \"\n \n TSX\n \n ”), subject to receipt of necessary exchange approvals. Following the Consolidation, the new CUSIP number for the Shares will be 020398707 and the new ISIN number will be CA0203987072.\n \n\n Trading on the Australian Securities Exchange in CHESS Depositary Interests (“\n \n CDIs\n \n ”) representing the Shares will commence on a deferred settlement basis at the start of trading on July 8, 2025. Trading in post-Consolidation CDIs on a normal settlement basis will commence at the start of trading on July 17, 2025.\n \n\n The Company expects to have approximately 195,860,844 Shares (including CDIs) outstanding following the Consolidation, subject to rounding for any fractional Shares.\n \n\n No fractional Shares will be issued in connection with the Consolidation. In the event that a Shareholder would otherwise be entitled to receive a fractional Share upon the occurrence of the Consolidation, such fraction will be rounded down to the nearest whole number. All stock options, warrants and other rights to purchase or otherwise acqui...