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Deutsche Rohstoff AG: Almonty Industries announces proposed merger with Woulfe Mining

DGAP-News: Deutsche Rohstoff AG / Key word(s): Miscellaneous
Deutsche Rohstoff AG: Almonty Industries announces proposed merger
with Woulfe Mining

27.01.2015 / 16:06

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Deutsche Rohstoff: Almonty Industries announces proposed merger with Woulfe
Mining
Creation of leading tungsten producer outside China

Heidelberg. Almonty Industries announced today that it has entered into a
non-binding letter of intent to combine the businesses of the two companies
and create the leading tungsten company outside China. The transaction is
expected to be closed within the next 30 days.

The full text of the press release can be found on Almonty's webpage
www.almonty.com

Almonty operates the Los Santos mine in Spain as well as the Wolfram Camp
mine in Australia. In addition, Almonty is developing the Valtreixal
tin/tungsten mine in northwestern Spain with anticipated production in
2017. Woulfe's principal asset is the 100%-owned Sangdong
tungsten/molybdenum project in South Korea. The project comes with a final
feasibility study and a very significant tungsten resource.

Thomas Gutschlag, CEO of Deutsche Rohstoff, commented: "Almonty
consequently implements its strategy to build the largest tungsten producer
outside China. It reaches critical mass to dictate WO3 pricing and/or
become a highly attractive acquisition target. Deutsche Rohstoff as
Almonty's second largest shareholder fully supports this strategy and are
convinced that our shareholding will gain further value."

Deutsche Rohstoff holds 24.9 % of the Almonty share capital and in
addition a CAD 7.5 million convertible bond which can be converted into
Almonty shares at a share price of CAD 1.45.

Heidelberg, 27 January 2015

Deutsche Rohstoff (Heidelberg, Germany), listed in the Entry Standard
segment of Frankfurt Stock Exchange, is establishing a new primary
producer. The company's focus is placed on oil & gas and so called high
tech metals such as tin, tungsten, and rare earth metals. All projects are
located in political stable countries with high environmental standards.
The business concept is based on redeveloping deposits, which have been
well explored in the past. For more information please visit
www.rohstoff.de.

Contact:
Deutsche Rohstoff AG
Thomas Gutschlag
Tel. [phone]
[e-mail]



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Language: English
Company: Deutsche Rohstoff AG
Friedrich-Ebert-Anlage 24
69117 Heidelberg
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.rohstoff.de
ISIN: DE000A0XYG76, DE000A1R07G4,
WKN: A0XYG7, A1R07G
Indices: Entry Standard (Performance TOP 30)
Listed: Freiverkehr in Berlin, Düsseldorf, Stuttgart; Frankfurt in
Open Market (Entry Standard)


End of News DGAP News-Service
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