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Wednesday, March 11, 2015

BRIEF-Canada-based Almonty Industries proposes to acquire Ormonde Mining, (VAN: AII.V)

Almonty Industries : * Statement on approach to Ormonde Mining Plc* An indicative non-binding proposal was made to acquire entire issued and to be issued share capital of Ormonde Mining Plc* No certainty that any transaction will be progressed or, in particular, that a formal offer to shareholders will be made Source text for Eikon: Further company coverage: (Bengaluru Newsroom; +44 207 542 1810)

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 remained unchanged at $0.67. On average, 7872 shares of AII.V exchange hands on a given day and today's volume is recorded at 500.