Ormonde Mining PLC - Almonty Ind. - Financing & No Offer for Ormonde
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ALMONTY INDUSTRIES INC. ANNOUNCES
This decision has been made after a careful review of the information available to Almonty on Ormonde. Almonty has a number of significant concerns regarding
Lewis Black, CEO of Almonty, stated, "We are disappointed that Ormonde has refused any and all overtures Almonty has made to engage in any dialogue with Almonty and we are unwilling to proceed in an environment where we have been denied access to information we believe is critical for our full evaluation of the Barruecopardo tungsten project. We intend to drive forward with our strategy of creating value in the tungsten industry, both through organic growth and selective M&A and will continue to work with
The principal business of Toronto, Canada based Almonty Industries Inc. (TSX-V: AII) is the mining, processing and shipping of tungsten concentrate from its tungsten mine at the
For further information please contact:
Lewis Black, Chairman, President & CEO
Telephone: (647) 438-9766
Goodbody Corporate Finance (financial adviser to Almonty)
Finbarr Griffin, Stephen Kane
Telephone: (01) 667 0420
The proposed Financing is subject to the approval of the
The directors of Almonty accept responsibility for the information contained in this announcement, save that the only responsibility accepted by the directors of Almonty in respect of the information in this announcement relating to Ormonde, the
Goodbody Corporate Finance, which is regulated by the
Disclaimer for Forward-Looking Information
When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. This press release contains forward-looking statements and information including, without limitation, project development and financing. These statements and information are based on management's beliefs, estimates and opinions on the date that statements are made and reflect Almonty's current expectations.
The forward-looking statements and information in this press release include information relating to the intentions of management. Such statements and information reflect the current view of Almonty with respect to risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors and assumptions which may cause actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
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.
This announcement has been issued through the Companies Announcement Service of
This information is provided by RNS
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