Almonty Industries Inc. Has Closed a US$1,201,000 (CDN $1,537,688) Non-Brokered Private Placement at CDN$0.75 With Lewis Black and Deutsche Rohstoff AG

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Jan 04, 2021
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Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) is pleased to announce that it has closed a non-brokered private placement raising gross proceeds of US$1,201,000 (CDN$1,537,688) through the issuance of 2,050,251 shares at a price of CDN$0.75 per share representing a more than 17% premium to current market. Lewis Black, Chairman, President and CEO of Almonty, and Deutsche Rohstoff AG (“DRAG”) are the sole participants in this equity raise.