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Gold/Mining/Energy
Almonty Industries Inc.
An SI Board Since July 2011
Posts SubjectMarks Bans Symbol
1009 23 0 AII.TO
Emcee:  Sultan Type:  Moderated
Almonty Industries Inc. Completes Acquisition of Woulfe Mining Corp. and Announces Financing Transactions of $7.78 Million

Toronto and Vancouver, British Columbia - September 11, 2015 - Almonty Industries Inc. (“Almonty”) (TSXV: AII) and Woulfe Mining Corp. (“Woulfe”) (CSE: WOF, Frankfurt: OZ4) are pleased to announce that Almonty has completed its acquisition of Woulfe by acquiring all of the outstanding shares of Woulfe pursuant to an arrangement under the Business Corporations Act (British Columbia) (the “BCBCA”). The transaction was previously approved by Woulfe shareholders in accordance with the requirements of the BCBCA, and was subsequently approved by the Supreme Court of British Columbia. It is expected that the common shares of Woulfe will be delisted from the Canadian Securities Exchange at the close of business on or about September 14, 2015. Under the arrangement, each Woulfe common share has been exchanged for 0.1029 of one Almonty common share. Registered Woulfe shareholders should follow the instructions in Woulfe’s management information circular dated July 28, 2015 in order to obtain certificates representing their Almonty common shares due to them under the arrangement. Almonty has issued an aggregate of 34,806,205 Almonty common shares in connection with the arrangement.

Company Overview

Woulfe Mining Corp.is a CSE listed company with a diversified portfolio of mining licenses for tungsten, molybdenum, gold, base metals and uranium-vanadium in South Korea.

The company is focused on the development of the Sangdong tungsten mine (one of the World's largest and most renowned tungsten mine's for 40 years) a property that we believe has substantial value for our shareholders. The outcome of the scoping study in March 2010 determined that the project NPV was US$467 million at a commodity price of $25,000 per tonne Ammonium Paratungstate (APT). Today, the APT price is over US$45,000 per tonne. Woulfe has accelerated the project due to the robust project and market. The company's target is to move to production at the end of 2012. In the last 18 months the company has focused on building the Sangdong tungsten mine team and reopening the mine. The project is well staffed with professionals and is moving forward rapidly.

Woulfe Corporate has now turned its focus to the Muguk gold project, historically Korea's largest producing gold mine. In 1998, Muguk was reported by Korea Resources Corporation (KORES) to contain a combined resource of 1,418,980 tonnes @ 13.5 g/t gold, 72.8 g/t silver (615,956 oz gold and 3,321,599 oz silver). Woulfe cautions that a Qualified Person has not done sufficient work to classify the historical estimate as current, that it is not treating the historical estimate as current and that the historical estimate should not be relied upon. A drill campaign is starting drilling the down dip extensions of the Three Brothers Vein in June 2011. Woulfe's other projects will be considered once these two projects are moving to production, in order to unlock value for shareholders and to move the company to a positive cash flow as quickly as possible.

woulfemining.com

Shares Issued and Outstanding 268,206,883
Options 12,975,000
Warrants 42,906,750
Fully Diluted 324,088,583
Listings CSE: WOF
OTCQX: WFEMF
Frankfurt: OZ4.F
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ReplyMessage PreviewFromRecsPosted
1009Not sure if I posted this here or not, so posting it.. Management Information PrSultan-yesterday
1008Latest interview of the CEO .. cdn.jwplayer.comSultan-yesterday
1007 Tungsten Market to Grow by USD 2.61 Billion (2025-2029) with Expanding LoneClone-Thursday
1006Tungsten Miner Says Clients in Disbelief as China Chokes Supply Annie Lee Wed, Sultan-Thursday
1005Dear Shareholders: We are furnishing the accompanying management information cSultan-Wednesday
1004I do have high priced shares from Woulfe days.. Thankfully, I also have lots of Sultan-Tuesday
1003MOFCOM, GAC announce decision on export controls of tungsten, other items, effecSultan-Tuesday
1002Thanks for that. Lots of ifs and maybes in that report, but if the pps does makeLoneClone-Monday
1001Updated Research Report.. New PT .. CAD 5.20 more-ir.deSultan1Monday
1000This week, Guy looks at uranium markets before casting his gaze over Almonty InSultan-Sunday
999 Almonty Receives Final Commitments Under an AUD 18.45 Million Equity Placement Sultan-January 30
998We have published our review of the#Tungstenspace. This key military metal has cSultan-January 30
997Latest video clip youtube.comSultan-January 30
996Same issues here.. Have losses in some accounts because Woulfe shares reverse spSultan-January 30
995I am now down only 93% on my long term hold from back when it was Woulfe. FortuLoneClone-January 29
994Finally we have the same news releases on yahoo.com.. So we have two projects Sultan-January 29
993Almonty Industries : has entered into an Offtake Agreement with SeAH Group, the Sultan1January 28
992Big volume day with interesting buyers House Positions for C:AII from 2025012Sultan-January 27
991Research Report.. A bit dated.. FWIW webdisclosure.comSultan-January 27
990 Tungsten miner Almonty to relocate to US Toronto, Canada-based critical miSultan-January 27
989 Global Tungsten Market Trends: Cemented Carbides, Steel Alloys, and MoreLoneClone-January 24
988 Almonty Announces Intention to Relocate to the United States Toronto – 20 JanSultan-January 19
987Almonty Receives its Final Drawdown from KfW IPEX-Bank for Ongoing Construction Sultan-January 9
986Almonty Receives Additional Commitments Under a Proposed Equity Placement TORONSultan-January 9
985Outlook for 2025: Tungsten Supply Chain Dynamics tungstenmetalsgroup.comSultan-January 5
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