Almonty issues promissory note to Deutsche Rohstoff and publishes 2016 financial statements

Almonty Industries today announces that it issued a second USD 1 million promissory note to Deutsche Rohstoff AG. The note carries an interest rate of 6% and is due 1 January 2019. Interest is payable on a half-yearly basis in cash or shares at the option of Almonty. The secured loan will be paid out in two tranches in January and March 2017. Furthermore, Deutsche Rohstoff and Almonty agreed to extend the maturity of the initial USD 1 million note, originally due 1 January 2017, to 1 January 2019.