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Colt Resources Announces Shares for Debt Agreement

Colt Resources Announces Shares for Debt Agreement

Colt Resources Inc. (TSXV:GTP) announced that in connection with its previously announced offer for the conversion in shares of its senior secured dept in the aggregate principal amount of US$2.7 million, it has entered into agreements with all of its remaining note holders.

Almonty Announces its Decision not to Proceed with an Offer for Ormonde Mining

Almonty Industries Inc. (TSXV:AII) announced that it has decided not to proceed with an offer for Ormonde Mining (LSE:ORM), following the confirmation earlier today that Ormonde had gained shareholders approval to receive financing from Oaktree Capital. Accordingly, Almonty is restricted under Rule 2.8 of the Irish Takeover Rules.

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EU Lawmakers Vote on ‘Blood Metals’ Ban reported that the European Parliament has voted in favour of banning all products that contain conflict minerals from war zones in Africa, in an effort to eliminate them from the European supply chain.

Tungsten Industry in China in Transition

Mining Weekly reported that with China looking to secure tungsten supply from outside its borders, companies not in the Asian nation may be able to finance their projects.

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