Almonty to Renew its Normal Course Issuer Bid

Almonty Industries Inc. (TSXV:AII) announced its intention to renew its Normal Course Issuer Bid, subject to the approval of the TSX Venture Exchange. Almonty previously repurchased 266,200 shares under its previously announced Normal Course Issuer Bid that expired on December 19, 2014.

As quoted in the press release,

The Company intends to purchase, from time to time, as it considers advisable, up to 1,431,007 common shares (which is equal to 2.9% of the outstanding common shares) on the open market through the facilities of the TSXV or any other means that may be approved by the TSXV.  The price that Almonty will pay for any common share under the Bid will be the prevailing market price on the TSXV at the time of such purchase.

Click here to read the full Almonty Industries Inc. (TSXV:AII) press release