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Almonty: Receives conditional approval to settle debt via shares

Almonty Receives conditional approval to settle debt via shares

  • Almonty Industries (AII) receives conditional approval from the TSX to settle fees linked to debt obligations via shares
  • The approval comes at the request of Al montee investor Plansee Holding AG
  • Currently, the company owes Plansee US$2.4 million (A$3.6 million), which has now been settled through the issuance of 4,501,840 common shares on the TSX
  • Following the conversion of the outstanding fees, Plansee will hold 18.7 per cent of Almonty
  • AII Industries is down 4.76 per cent, trading at 70 cents at 2:42 pm AEDT
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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