Almonty Industries Inc. Announces the Decision Not to Proceed with an Offer for Ormonde Mining plc
May 19 2015 - 4:05PM
Business Wire
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Almonty Industries Inc. (“Almonty”) (TSXV:AII) notes the
announcement earlier today by Ormonde Mining plc (“Ormonde”)
confirming that the ordinary resolution to approve the Oaktree
Project Financing at Ormonde’s Extraordinary General Meeting was
duly passed.
As a result of the passing of the ordinary resolution, Almonty
announces that it does not intend to make an offer for Ormonde.
Accordingly, Almonty is bound by the restrictions under Rule 2.8 of
the Irish Takeover Rules.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
The directors of Almonty accept responsibility for the
information contained in this announcement, save that the only
responsibility accepted by the directors of Almonty in respect of
the information in this announcement relating to Ormonde, the Board
of Ormonde and the persons connected with them, which has been
compiled from published sources, has been to ensure that such
information has been correctly and fairly reproduced or presented
(and no steps have been taken by the directors of Almonty to verify
this information). To the best of the knowledge and belief of the
directors of Almonty (having taken all reasonable care to ensure
that such is the case), the information contained in this
announcement for which they accept responsibility is in accordance
with the facts and does not omit anything likely to affect the
import of such information.
Disclaimer for Forward-Looking Information
When used in this press release, the words “estimate”,
“project”, “belief”, “anticipate”, “intend”, “expect”, “plan”,
“predict”, “may” or “should” and the negative of these words or
such variations thereon or comparable terminology are intended to
identify forward-looking statements and information. This press
release contains forward-looking statements and information
including, without limitation, that Almonty does not intend to make
an offer for Ormonde. These statements and information are based on
management’s beliefs, estimates and opinions on the date that
statements are made and reflect Almonty’s current expectations.
The forward-looking statements and information in this press
release include information relating to the intentions of
management. Such statements and information reflect the current
view of Almonty with respect to risks and uncertainties that may
cause actual results to differ materially from those contemplated
in those forward-looking statements and information. By their
nature, forward-looking statements involve known and unknown risks,
uncertainties and other factors and assumptions which may cause
actual results, performance or achievements, or other future
events, to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements.
Investors are cautioned against attributing undue certainty to
forward-looking statements. Almonty cautions that the foregoing
list of material factors is not exhaustive. When relying on
Almonty’s forward-looking statements and information to make
decisions, investors and others should carefully consider the
foregoing factors and other uncertainties and potential events.
Almonty has also assumed that material factors will not cause
any forward-looking statements and information to differ materially
from actual results or events. However, the list of these factors
is not exhaustive and is subject to change and there can be no
assurance that such assumptions will reflect the actual outcome of
such items or factors.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE
REPRESENTS THE EXPECTATIONS OF ALMONTY AS OF THE DATE OF THIS PRESS
RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE.
READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING
INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY
OTHER DATE. WHILE ALMONTY MAY ELECT TO, IT DOES NOT UNDERTAKE TO
UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED
IN ACCORDANCE WITH APPLICABLE LAWS.
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version on businesswire.com: http://www.businesswire.com/news/home/20150519006812/en/
Almonty Industries Inc.Dennis Logan, 647-438-9766Director
and Chief Financial Officerdennis.logan@almonty.com
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