DGAP-News 399 0 Kommentare Deutsche Rohstoff AG: Deutsche Rohstoff receives 1.5 million new Almonty shares and agrees to the extension of an existing convertible bond

DGAP-News: Deutsche Rohstoff AG / Key word(s): Miscellaneous

Deutsche Rohstoff AG: Deutsche Rohstoff receives 1.5 million new Almonty shares and agrees to the extension of an existing convertible bond

25.04.2017 / 07:30

The issuer is solely responsible for the content of this announcement.

Deutsche Rohstoff receives 1.5 million new Almonty shares and agrees to the extension of an existing convertible bond

Mannheim/Toronto. Deutsche Rohstoff and Almonty Industries agreed to extend an existing convertible bond in the principal amount of CAD 6,000,000 in favor of Deutsche Rohstoff by two years to March 2019. The bond was issued to Deutsche Rohstoff in September 2014 as part of the consideration for the sale of the Wolfram Camp mine to Almonty.

In addition to the extension of the maturity date, Almonty and Deutsche Rohstoff agreed to settle the outstanding interest on the bond in the amount of CAD 422,103 through the issuance of Almonty shares to Deutsche Rohstoff. Such shares are to be issued at a price per share of CAD 0.35, resulting in the issuance of 1,206,574 shares. Furthermore, Deutsche Rohstoff will receive an additional 283,914 shares as a compensation for the outstanding interest on a promissory note due in January 2019. Such shares are to be issued at a price per share of CAD 0.28.

Almonty had announced on Friday that Global Tungsten and Powders (GTP), the main off-taker of tungsten concentrate produced by Almonty, will terminate a loan with an outstanding amount of CAD 9,4 million including interest and obtain 27,56 million Almonty shares as a compensation. GTP will hold 19.9% of the outstanding shares of Almonty after the transaction. Deutsche Rohstoff's stake in Almonty will stand at 10.3% (currently 11.9%) after all new shares will have been issued.

Mannheim, 25 April 2017

Deutsche Rohstoff identifies, develops and divests attractive resource projects in North America, Australia and Europe. The focus is on the development of oil and gas opportunities within the United States. Metals, such as gold, copper, rare earth elements, tungsten and tin complete our portfolio. For more information please visit www.rohstoff.de.

Contact:

Deutsche Rohstoff AG

Thomas Gutschlag, CEO

Tel. +49 621 490 817 0

info@rohstoff.de

25.04.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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Language:	English
Company:	Deutsche Rohstoff AG
	Q7, 24
	68161 Mannheim
	Germany
Phone:	0621 490 817 0
Fax:	0621 490 817 22
E-mail:	gutschlag@rohstoff.de
Internet:	www.rohstoff.de
ISIN:	DE000A0XYG76, DE000A1R07G4,
WKN:	A0XYG7, A1R07G
Indices:	Entry Standard (Performance TOP 30)
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange; Open Market (Scale) in Frankfurt