/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
OR DISSEMINATION IN THE UNITED
STATES/
TORONTO, Jan. 7, 2015 /CNW/ - Almonty Industries Inc.
("Almonty") (TSXV: AII) is pleased to announce the granting of
stock options to members of the board of directors and senior
employees of Almonty. Lewis Black,
Dan D'Amato, Bruce Ratner, Mark
Trachuk and Dennis Logan
received 100,000 options and four other senior employees of Almonty
have each been granted 50,000 options. The options are being
granted pursuant to the stock option plan of Almonty with each
option permitting the holder to purchase one common share of
Almonty at a price of $0.65 for a
period of 10 years from today's date. The options vest
immediately.
About Almonty
The principal business of Toronto,
Canada based Almonty Industries Inc. (TSX-V: AII) is the
mining, processing and shipping of tungsten concentrate from its
Los Santos Mine in western Spain
and its Wolfram Camp Mine in north Queensland, Australia. The Los Santos Mine was
acquired by Almonty in September 2011
and is located approximately 50 kilometres from Salamanca in
western Spain and produces
tungsten concentrate. The Wolfram Camp Mine was acquired by Almonty
in September 2014 and is located
approximately 110 km west of Cairns in northern Queensland, Australia and produces tungsten
and molybdenum concentrate. Almonty also has an option to acquire a
100% ownership interest in the Valtreixal tin-tungsten project in
north western Spain. Management
and certain members of Almonty's Board of Directors led the
turnaround and eventual sale of Primary Metals Inc., the operator
of the Panasqueira Tungsten Mine in Portugal from 2003 to 2007. Further
information about the Company's activities may be found at
www.almonty.com and under the Company's profile at
www.sedar.com.
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.
SOURCE Almonty Industries Inc.