Almonty Enters Investor Relations Consulting Agreements

Almonty Industries Inc. (TSXV:AII) entered into Investor Relations Consulting Agreements with Mr. Richard Schaeffer, Mr. Samuel Gaer and Mr. Thomas Ross. The agreements are extendable on a month-to-month basis by mutual consent of the parties.

As quoted in the press release:

Pursuant to the Consulting Agreements, Almonty will grant stock options to each of the consultants, with Mr. Schaeffer receiving 300,000 options, and Mr. Gaer and Mr. Ross each receiving 200,000 options. The options are being granted pursuant to the stock option plan of Almonty (as amended) with each option permitting the holder to purchase one common share of Almonty at a price of $0.67 for the period in which the investor relations services are being provided and for a period of one year from the date the applicable Consulting Agreement terminates. The options will vest evenly over the next 12 months.

Lewis Black, Chief Executive Officer of Almonty, commented:

We are extremely pleased that we have been able to attract tier one candidates to drive our IR forward. Richie, Sam and Tom share Almonty’s vision of consolidation and very much want to be part of the momentum that we are achieving. We now feel that we have a team that permits the company to complete its target of consolidation.

Click here for Almonty Industries Inc. (TSXV:AII) press release.