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
