Almonty Receives Final Commitments Under an A$18.45 Million Equivalent Equity Placement
Almonty Industries (TSX: AII / ASX: AII / OTCQX: ALMTF) has secured final commitments for an A$18.45 million equity placement. The placement consists of 4.53 million Canadian units and 15.41 million CDI Units, priced at C$0.82 and A$0.90 per unit respectively.
Each participant will receive one warrant per common share and one free unlisted option per CDI, exercisable at C$1.14 and A$1.25 respectively, with a three-year expiry from closing. The funds will be used for balance sheet restructuring and offer costs. Settlement is expected by February 4, 2025, subject to TSX and ASX regulatory approvals.
RM Corporate Finance Pty , serving as Lead Manager, will receive a 6% fee on funds raised through their efforts.
Almonty Industries (TSX: AII / ASX: AII / OTCQX: ALMTF) ha ottenuto impegni finali per un collocamento di capitale di A$18,45 milioni. Il collocamento consiste di 4,53 milioni di unità canadesi e 15,41 milioni di unità CDI, con un prezzo di C$0,82 e A$0,90 per unità rispettivamente.
Ogni partecipante riceverà un warrant per azione ordinaria e un'opzione gratuita non quotata per CDI, esercitabili a C$1,14 e A$1,25 rispettivamente, con scadenza di tre anni dalla chiusura. I fondi saranno utilizzati per la ristrutturazione del bilancio e i costi di offerta. Il regolamento è previsto entro il 4 febbraio 2025, soggetto alle approvazioni normative di TSX e ASX.
RM Corporate Finance Pty, che funge da Lead Manager, riceverà una commissione del 6% sui fondi raccolti attraverso i loro sforzi.
Almonty Industries (TSX: AII / ASX: AII / OTCQX: ALMTF) ha asegurado compromisos finales para una colocación de capital de A$18.45 millones. La colocación consiste en 4.53 millones de unidades canadienses y 15.41 millones de unidades CDI, con un precio de C$0.82 y A$0.90 por unidad respectivamente.
Cada participante recibirá una opción por acción común y una opción gratuita no cotizada por CDI, que se puede ejercer a C$1.14 y A$1.25 respectivamente, con un vencimiento de tres años a partir del cierre. Los fondos se destinarán a la reestructuración del balance y a los costos de la oferta. Se espera que el acuerdo se cierre antes del 4 de febrero de 2025, sujeto a las aprobaciones regulatorias de TSX y ASX.
RM Corporate Finance Pty, que actúa como Lead Manager, recibirá una comisión del 6% sobre los fondos recaudados a través de sus esfuerzos.
Almonty Industries (TSX: AII / ASX: AII / OTCQX: ALMTF)는 A$18.45 백만의 자본 조달에 대한 최종 약속을 확보했습니다. 이번 조달은 각각 C$0.82 및 A$0.90의 가격으로 453만 캐나다 유닛과 1541만 CDI 유닛으로 구성됩니다.
각 참가자는 보통주당 하나의 워런트와 하나의 무료 비상장 옵션을 CDI당 받게 되며, 각각 C$1.14 및 A$1.25에 행사 가능하며, 마감일로부터 3년의 만기가 있습니다. 자금은 재무 구조 조정 및 제안 비용에 사용될 것입니다. 정산은 2025년 2월 4일에 예상되며, TSX 및 ASX의 규제 승인을 받습니다.
RM Corporate Finance Pty는 주관 관리자로서, 그들의 노력으로 모금된 자금의 6% 수수료를 받을 것입니다.
Almonty Industries (TSX: AII / ASX: AII / OTCQX: ALMTF) a obtenu des engagements finaux pour un placement d'équité de A$18,45 millions. Le placement consiste en 4,53 millions d'unités canadiennes et 15,41 millions d'unités CDI, au prix de C$0,82 et A$0,90 par unité respectivement.
Chaque participant recevra un warrant par action ordinaire et une option gratuite non cotée par CDI, exerçables à C$1,14 et A$1,25 respectivement, avec une expiration de trois ans à compter de la clôture. Les fonds seront utilisés pour la restructuration du bilan et les coûts d'offre. Le règlement est prévu d'ici le 4 février 2025, sous réserve des approbations réglementaires de la TSX et de l'ASX.
RM Corporate Finance Pty, agissant en tant que Lead Manager, recevra des frais de 6% sur les fonds levés grâce à leurs efforts.
Almonty Industries (TSX: AII / ASX: AII / OTCQX: ALMTF) hat endgültige Verpflichtungen für eine Kapitalerhöhung von A$18,45 Millionen gesichert. Die Platzierung umfasst 4,53 Millionen kanadische Einheiten und 15,41 Millionen CDI-Einheiten, die je nach Einheit zu Preisen von C$0,82 und A$0,90 angeboten werden.
Jeder Teilnehmer erhält einen Warrant pro Stammaktie und eine kostenlose nicht notierte Option pro CDI, ausübbar zu C$1,14 und A$1,25, mit einer Ablaufzeit von drei Jahren nach Abschluss. Die Mittel sollen für die Umstrukturierung der Bilanz und die Angebotskosten verwendet werden. Die Abwicklung wird bis zum 4. Februar 2025 erwartet, vorbehaltlich der Genehmigungen durch die TSX und die ASX.
RM Corporate Finance Pty, der als Lead Manager fungiert, erhält eine Gebühr von 6% auf die durch ihre Bemühungen beschafften Mittel.
- Secured A$18.45 million in equity financing
- Includes warrant and option incentives for investors
- Support from long-standing shareholders demonstrates investor confidence
- 6% fee payable to Lead Manager reduces net proceeds
- Potential dilution for existing shareholders
Each Canadian unit and CDI Unit participant will be issued with one warrant for every common share issued and one free unlisted option for every one CDI issued, exercisable at
Proceeds from the Placement will be applied towards restructuring the Company’s balance sheet and towards offer costs.
The Canadian units and Placement CDI units are expected to settle on or before 04 February 2025. The Canadian Units and CDI Placement Units issued will rank equally with existing CDI’s and Common Shares on issue.
The closing of the Placement is subject to receipt of all necessary regulatory approvals, including the acceptance by the TSX and ASX.
RM Corporate Finance Pty Ltd (“RM”) has acted as Lead Manager to the Placement and will be paid a fee of
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Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Almonty to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: any specific risks relating to fluctuations in the price of ammonium para tungstate (“APT”) from which the sale price of Almonty’s tungsten concentrate is derived, actual results of mining and exploration activities, environmental, economic and political risks of the jurisdictions in which Almonty’s operations are located and changes in project parameters as plans continue to be refined, forecasts and assessments relating to Almonty’s business, credit and liquidity risks, hedging risk, competition in the mining industry, risks related to the market price of Almonty’s shares, the ability of Almonty to retain key management employees or procure the services of skilled and experienced personnel, risks related to claims and legal proceedings against Almonty and any of its operating mines, risks relating to unknown defects and impairments, risks related to the adequacy of internal control over financial reporting, risks related to governmental regulations, including environmental regulations, risks related to international operations of Almonty, risks relating to exploration, development and operations at Almonty’s tungsten mines, the ability of Almonty to obtain and maintain necessary permits, the ability of Almonty to comply with applicable laws, regulations and permitting requirements, lack of suitable infrastructure and employees to support Almonty’s mining operations, uncertainty in the accuracy of mineral reserves and mineral resources estimates, production estimates from Almonty’s mining operations, inability to replace and expand mineral reserves, uncertainties related to title and indigenous rights with respect to mineral properties owned directly or indirectly by Almonty, the ability of Almonty to obtain adequate financing, the ability of Almonty to complete permitting, construction, development and expansion, challenges related to global financial conditions, risks related to future sales or issuance of equity securities, differences in the interpretation or application of tax laws and regulations or accounting policies and rules and acceptance of the TSX of the listing of Almonty shares on the TSX.
Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to, no material adverse change in the market price of ammonium para tungstate (APT), the continuing ability to fund or obtain funding for outstanding commitments, expectations regarding the resolution of legal and tax matters, no negative change to applicable laws, the ability to secure local contractors, employees and assistance as and when required and on reasonable terms, and such other assumptions and factors as are set out herein. Although Almonty has attempted to identify important factors that could cause actual results, level of activity, performance or achievements to differ materially from those contained in forward-looking statements, there may be other factors that cause results, level of activity, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate and even if events or results described in the forward-looking statements are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, Almonty. Accordingly, readers should not place undue reliance on forward-looking statements and are cautioned that actual outcomes may vary.
Investors are cautioned against attributing undue certainty to forward-looking statements. Almonty cautions that the foregoing list of material factors is not exhaustive. When relying on Almonty’s forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events.
Almonty has also assumed that material factors will not cause any forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF ALMONTY AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD- LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE ALMONTY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250131400601/en/
For further information, please contact:
Lewis Black
Chairman, President and CEO
Telephone: +1 647 438-9766
Email: info@almonty.com
Source: Almonty Industries Inc.
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