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Deutsche Rohstoff AG: Deutsche Rohstoff and Almonty Industries settle all claims relating to Almonty's acquisition of the Wolfram Camp Mine

DGAP-News: Deutsche Rohstoff AG / Key word(s): Miscellaneous
Deutsche Rohstoff AG: Deutsche Rohstoff and Almonty Industries settle
all claims relating to Almonty's acquisition of the Wolfram Camp Mine

25.02.2015 / 18:52

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Deutsche Rohstoff and Almonty Industries settle all claims relating to
Almonty's acquisition of the Wolfram Camp Mine

Heidelberg/Toronto. Deutsche Rohstoff and Almonty Industries Inc. announce,
that they entered into an agreement whereby the parties have agreed to
unconditionally settle all claims made under the provisions of the Share
Sale Agreement (SSA) dated 22 September 2014. The SSA relates to the
acquisition of 100% of Wolfram Camp Mining Pty Ltd and Tropical Metals Pty
Ltd by Almonty (WCM). The claims are in connection with adjustments to
closing working capital balances on the acquisition of WCM.

Under the terms of the Agreement, DRAG will pay Almonty $1,500,000, which
will be satisfied by DRAG surrendering to Almonty $1,500,000 of the
principal amount of the $7,500,000 convertible debenture issued by Almonty
as part of the purchase price paid for WCM.

DRAG and Almonty have agreed to release each other from all claims made to
date under the SSA and not to bring any future claims against the other in
connection therewith.

Heidelberg, 25 February 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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25.02.2015 Dissemination of a Corporate News, transmitted by DGAP - a
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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: Regulated Unofficial Market in Berlin, Dusseldorf,
Stuttgart; Open Market (Entry Standard) in Frankfurt


End of News DGAP News-Service
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