31.01.2017
Deutsche Rohstoff AG DE000A0XYG76
DGAP-News: Deutsche Rohstoff AG: Almonty issues promissory note to Deutsche Rohstoff and publishes 2016 financial statements
DGAP-News: Deutsche Rohstoff AG / Key word(s): Investment
Deutsche Rohstoff AG: Almonty issues promissory note to Deutsche Rohstoff
and publishes 2016 financial statements
31.01.2017 / 14:57
The issuer is solely responsible for the content of this announcement.
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Deutsche Rohstoff: Almonty issues promissory note to Deutsche Rohstoff and
publishes 2016 financial statements
Mannheim/Toronto. Almonty Industries today announces that it issued a
second USD 1 million promissory note to Deutsche Rohstoff AG. The note
carries an interest rate of 6% and is due 1 January 2019. Interest is
payable on a half-yearly basis in cash or shares at the option of Almonty.
The secured loan will be paid out in two tranches in January and March
2017. Furthermore, Deutsche Rohstoff and Almonty agreed to extend the
maturity of the initial USD 1 million note, originally due 1 January 2017,
to 1 January 2019.
Almonty also published 2016 full year financial statements. The company
generated revenues of CAD 37.3 million. The total loss for the year amounts
to CAD 21.2 million while the companies mining operations before
depreciation and impairment remain profitable despite the current long term
low of tungsten prices. In the fourth quarter the company achieved a profit
of mining operations before non-cash impairments and inventory write downs
of CAD 3.5 million.
Further details and the full release can be found here: http://
www.almonty.com/investors/news/
Mannheim, 31January 2017
Deutsche Rohstoff identifies, develops and divests attractive resource
projects in North America, Australia and Europe. The focus is on the
development of oil and gas opportunities within the United States. Metals,
such as gold, copper, rare earth elements, tungsten and tin complete our
portfolio. For more information please visit www.rohstoff.de.
Contact:
Deutsche Rohstoff AG
Thomas Gutschlag
Tel. +49 621 490 817 0
[email protected]
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31.01.2017 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Deutsche Rohstoff AG
N1, 1 (Stadthaus), 3. Etage
68161 Mannheim
Germany
Phone: 06221-87100-11
Fax: 06221-87100-22
E-mail: [email protected]
Internet: www.rohstoff.de
ISIN: DE000A0XYG76, DE000A1R07G4,
WKN: A0XYG7, A1R07G
Indices: Entry Standard (Performance TOP 30)
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Stuttgart, Tradegate Exchange; Open Market (Entry
Standard) in Frankfurt
End of News DGAP News Service
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540393 31.01.2017
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