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Almonty Industries to Acquire Woulfe Mining

Almonty Industries Inc. (TSXV:AII) announced that it has entered into an arrangement agreement with Woulfe Mining Corp. (CSE:WOF) that will see Almonty acquire all of Woulfe’s outstanding shares by way of a court approved plan of arrangement.

Almonty Industries Enters LOI to Acquire Woulfe Mining

Almonty Industries (TSXV:AII) and Woulfe Mining (CSE:WOF) have entered a non-binding letter of intent to combine the two companies and create the leading tungsten producer outside of China. Under the terms of the merger, Almonty would purchase all outstanding shares of Woulfe at a price of $0.08 per share.

Almonty Industries Restates Tungsten Recovery Rates

Almonty Industries Inc. (TSXV:AII) announced the restatement of its tungsten recovery rate for the year ended September 30, 2013 and for the three month interim periods ended June 30, 2013 and March 31, 2013. A faulty calibration of the Company’s on-site lab in March 2013 affected the Company’s assay work

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