Heidelberg / Toronto. Deutsche Rohstoff and Almonty Industries announce that they have entered into an agreement with which they now have all claims under the terms of the Stock Purchase Agreement (SSA) of 22. September 2014 are fully paid. Under the agreement, the amount of the convertible bond Deutsche Rohstoff AG received in connection with the sale of Almonty will be reduced by 1,5 million Canadian dollars (CAD, around 1,06 million euros) to now 6 million CAD (4,25 million euros).

The compensation in favor of Almontys was necessary because of certain changes in the balance sheet of Wolfram Camp at the time the contract finally became effective on the 22. September 2014 the purchase contract concluded in June provided for an adjustment of the purchase price. Almonty acquired 100% of Wolfram Camp Mining Pty Ltd and Tropical Metals Pty Ltd from Deutsche Rohstoff AG.

Heidelberg, 25. February 2015

The notes in the Entry Standard German raw material builds a new raw material producer. The focus is on oil & gas and so-called high-tech metals such as tungsten, tin and rare earths. All projects are located in politically stable countries with high environmental standards. The business model is based on the (re-) development of deposits that have already been well explored in the past. Further information on Deutsche Rohstoff at www.rohstoff.de.

Source: http://www.rohstoff.de/2015/02/25/deutsche-rohstoff-und-almonty-industries-begleich-alle-forderungen-im-zusammenhang- mit-uebernahme-der-wolfram-camp- mine/