BRIEF-Deutsche Rohstoff: Almonty signs binding heads of agreement to sell Wolfram Camp Mine

Tue Apr 26, 2016 6:20am EDT
 
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April 26 (Reuters) - Deutsche Rohstoff AG :

* Almonty signs binding heads of agreement to sell Wolfram Camp Mine

* Almonty to become strategic shareholder of ATC Alloys Limited

* Proposed consideration for sale is 120 million fully paid ordinary shares in ATC Alloys at a deemed issue price of AUD 0.05 per share

* Almonty will hold 53 pct of ATC Alloy's shares and will further be entitled to appoint two members to board of company Source text for Eikon: Further company coverage: (Gdynia Newsroom)