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Tuesday, September 23, 2014

BRIEF-Deutsche Rohstoff says sale of Wolfram Camp mine completed, (CVE: AII.V)

Deutsche Rohstoff AG : * Says sale of Wolfram Camp mine completed * Says sales price of C$ 18 million * Says sold all shares of the 100% owned subsidiaries Wolfram Camp Mining and tropical metals * Says buyer is the Canadian company Almonty Industries that operates the LosSantos tungsten mine in Spain * Says purchase price consists of CAD 10.5 million in Almonty shares and aboutC$ 7.5 million in convertible bond * Source text for Eikon * Further company coverage

Almonty Industries Inc. (Almonty) is engaged in the business of mining, processing and shipping of tungsten concentrate from its tungsten mine at the Los Santos Project. Shares of AII traded higher by 18.46% or $0.12/share to $0.77. In the past year, the shares have traded as low as $0.00 and as high as $1.10. On average, 1371 shares of AII.V exchange hands on a given day and today's volume is recorded at 2500.