Ivanhoe Electric Inc. press release
Almonty Industries Inc. announces completion of continuance
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TORONTO, March 27, 2012 /CNW/ - Almonty Industries Inc. ("Almonty" or the "Company") (TSXV: AII) is pleased to announce that at its Annual and Special Meeting of Shareholders held on March 26, 2012, shareholders approved, among other things, the continuance of the Company from the _Business Corporations Act_(British Columbia) to the _Canada Business Corporations Act_(the "CBCA"). Almonty has now filed its Articles of Continuance with the Director under the CBCA and the Director has issued a Certificate of Continuance. In connection with the continuance, and conditional on its completion, the directors and shareholders of Almonty approved By-law No. 1, a new general by-law of the Company. By-law No. 1 became effective upon the issuance of the Certificate of Continuance. A copy of the Certificate of Continuance and By-law No. 1 are available on SEDAR (www.sedar.com) under Almonty's profile.
About Almonty
The principal business of Toronto, Canada based Almonty Industries Inc. (TSXV: AII) is the mining, processing and shipping of tungsten concentrate from its tungsten mine at the Los Santos Project. The Los Santos Project was acquired by Almonty in September 2011. The mine was originally opened in 2008 and commissioned in July 2010 by its former owner. The Los Santos Project is located approximately 50 km from Salamanca in western Spain and produces tungsten concentrate which is currently sold under a long-term supply agreement. In 2011, the Los Santos Project had an annual output of approximately 441,976 tonnes of ore (at 0.27% WO3).
_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._
Dennis Logan - Director & Chief Financial Officer Telephone: (647) 478-5308 Email: dennis.logan@almonty.com
Earlier from Ivanhoe Electric Inc.
- Almonty announces results for the three months ended December 31, 2011
- Almonty announces the filing of its Financial Statements and MD&A for the period June 9 to September 30, 2011 and provides update on the Los Santos Project
- Almonty Announces $1.4 Million Income from Mining Operations for the Los Santos Mine for the 3 Months Ended June 30, 2011 and the Filing of Los Santos Finanicial Statements and MD&A for the 3 and 9 Months Ended June 30, 2011