/NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (DIRECTLY OR
INDIRECTLY) IN WHOLE OR IN PART, IN ANY JURISDICTION WHERE THIS
WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH
JURISDICTION./
TORONTO and DUBLIN, March 12, 2015 /CNW/
- In accordance with Rule 2.10 of the Irish Takeover
Rules, Almonty Industries Inc. (TSX-V: All) ("Almonty")
confirms that, as of the close of business on
11th March, 2015, Almonty's issued share
capital consisted of 48,978,491 common shares without par value
(the "Common Shares"). The International Securities
Identification Number for these securities is CA0203981034.
Almonty also confirms
that, as of the close of business on 11th March, 2015,
there were outstanding:
|
|
|
a.
|
CAD$6.0 million
convertible debenture that converts, at the option of the holder up
to the maturity date of March 31, 2017, into 4,137,931
Common Shares at a strike price of CAD1.45 per common share (the
"CAD1.45 Convertible Debenture Warrants"); and
|
b.
|
3,350,000 options to
purchase Common Shares (the "Share Options") of which.
2,650,000 of the Share Options are fully vested and 700,000 of the
Share Options vest, subject to shareholder approval at the
Company's Annual General Meeting on March 26, 2015, evenly over a
12 month basis from the date they were granted on December 5, 2014.
Upon vesting, each Share Option entitles the holder to purchase one
Common Share at the applicable exercise price, ranging between
CAD0.65 - CAD1.07 per share, and expires at the earlier of one (1)
year from the date the optionee ceases employment with Almonty or
ten (10) years from the date the options were granted, ranging from
September 25, 2021 to February 10, 2025.
|
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
The directors of Almonty accept responsibility for the
information contained in this announcement. To the best of the
knowledge and belief of the directors (who have taken all
reasonable care to ensure that such is the case) the information
contained in this announcement is in accordance with the facts and
does not omit anything likely to affect the import of such
information.
Any person who is interested in 1 per cent. or more of any class
of relevant securities (as defined in the Irish Takeover Rules) in
Almonty or Ormonde Mining plc ("Ormonde"), or as a result of
a transaction will be interested in 1 per cent. or more of any such
class, may be required to make disclosures pursuant to Rule 8.3 of
the Irish Takeover Rules.
This announcement does not constitute an offer to sell or an
invitation to purchase or the solicitation of an offer to purchase
or subscribe for any securities. Any action taken in relation
to the Proposed Transaction should be made only on the basis of the
information contained in any document by which the Proposed
Transaction (if it proceeds) is made available to Ormonde's
shareholders.
The distribution of this document in or into certain
jurisdictions may be restricted by the laws of those jurisdictions.
Accordingly, copies of this document and all other documents
relating to the Proposed Transaction are not being, and must not
be, mailed or otherwise forwarded, distributed or sent in, into or
from any jurisdiction where it would be unlawful to do so. Persons
receiving such documents (including, without limitation, nominees,
trustees and custodians) should observe these restrictions. Failure
to do so may constitute a violation of the securities laws of any
such jurisdiction.
SOURCE Almonty Industries Inc.