Almonty announces USD 5 million Private Placement

Almonty Industries announced today that it has entered into a subscription agreement for USD 5 million (CAD 6.325 million) at a price of CAD 0.30 per share. Only subscriber will be the CEO of the company, Mr Lewis Black. He will receive approximately 21 million shares, which equals to 13.4 % of the share capital. The subscription price includes a premium of 33 % to the closing price as at 10 August 2017.