Tungsten Company News Directory

Colt Resources Announces $30 Million Financing Committment

Colt Resources (TSXV:GTP) has entered an agreement with CITC-GEM, whereby it has the option to issue and sell shares at its sole discretion and CITC-GEM is committed to buying common shares of Colt for aggregate proceeds of up to $30 million. Funds raised will be used to assist in the implementation of Colt's growth strategy.

Colt Resources Acquires Exploration Licenses in Pakistan

Colt Resources (TSXV:GTP) associate company, Colt Resources Middle East entered into a Shareholders Agreement further to signature of an exclusivity agreement in May 2014 with Lake Resources (ASX:LKE). Under the Joint Venture Agreement, the joint venture Pakistani company called Chagai Resources has now been awarded the three licenses formerly held by Lake Resources and will develop these license areas in Balochistan, Pakistan.

Almonty Announces Purchase of Outstanding Common Shares and Debenture of Woulfe in Exchange for Cash, Notes and Common Shares

Almonty Industries Inc. (TSXV:AII) announces that it has entered an agreement with Woulfe Mining Corp. (CVE:WOF) for a non-brokered private placement of $1 million in principal amount of convertible unsecured subordinated debentures at a price of $1,000 per debenture. The two companies also entered into an agreement that will see one member of Almonty join the board of directors of Woulfe for as long as Almonty holds a minimum of 5 percent of the issued and outstanding shares of Woulfe and provided that such nominees are acceptable to regulatory authorities.