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Almonty Industries Inc. Announces Graduation to TSX
TORONTO--(BUSINESS WIRE)--Almonty Industries Inc. (“Almonty” or the "Company") (TSX-V: AII): NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN
About this update from Almonty Industries Inc.
[{"type":"text","content":"TORONTO--(BUSINESS WIRE)--Almonty Industries Inc. (“Almonty” or the \"Company\") (TSX-V: AII): NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Almonty Industries Inc. (“Almonty” or the \"Company\") (TSX-V: AII), is pleased to announce that it has received final approval for the listing of the Company’s common shares (the \"Common Shares\") on the Toronto Stock Exchange (\"TSX\"). The Common Shares will commence trading on the TSX effective as of the open of the market on June 1, 2018. Upon listing on the TSX, the Common Shares will continue to trade under the symbol \"AII\". In conjunction with listing on the TSX, the Common Shares will be delisted from the TSX Venture Exchange upon the commencement of trading on June 1, 2018. \"Graduating to the TSX represents yet another important milestone for Almonty as we continue on our successful journey as the largest Western-based Tungsten concentrate producer. Almonty's listing on the TSX Venture Exchange played an important role in the publicly recognized growth of the Company and this new listing on the TSX will allow a broader range of investors to participate in the Almonty story. We now focus our attention toward the completion of the financing of our Sangdong project.\" said Lewis Black, Chief Executive Officer of Almonty. Almonty also announces that its normal course issuer bid (the “NCIB”) commenced on November 15, 2017 will terminate with the commencement of trading of its Common Shares on the TSX on June 1, 2018. As of May 30, 2018, the Company has purchased for cancellation 597,000 Common Shares at a volume weighted average price of $0.489 per Common Share. About Almonty The principal business of Almonty is the mining, processing and shipping of tungsten concentrate from its Los Santos Mine in western Spain, its Wolfram Camp Mine in north Queensland, Australia and its Panasqueira mine in Portugal as well as the development of the Sangdong tungsten mine in Gangwon Province, Korea and the Valtreixal tin/tungsten project in north western Spain. The Los Santos Mine was acquired by Almonty in September 2011 and is located approximately 50 kilometres from Salamanca in western Spain and produces tungsten concentrate. The Wolfram Camp Mine was acquired by Almonty in September 2014 and is located approximately 130 kilometres west of Cairns in nort...