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Almonty: Receives conditional approval to settle debt via shares | Fintech InShorts: Latest fintech news, analysis by experts

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Almonty: Receives conditional approval to settle debt via shares

By Steve Sam

March 26, 2023

Almonty Receives conditional approval to settle debt via shares

Almonty Industries (AII) receives conditional approval from the TSX to settle fees linked to debt obligations via shares
The approval comes at the request of Al montee investor Plansee Holding AG
Currently, the company owes Plansee US$2.4 million (A$3.6 million), which has now been settled through the issuance of 4,501,840 common shares on the TSX
Following the conversion of the outstanding fees, Plansee will hold 18.7 per cent of Almonty
AII Industries is down 4.76 per cent, trading at 70 cents at 2:42 pm AEDT

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