Deutsche Rohstoff and Almonty Industries settle all claims relating to Almonty's acquisition of the Wolfram Camp Mine Heidelberg/Toronto. Deutsche Rohstoff and Almonty Industries Inc. announce, that they entered into an agreement whereby the parties have agreed to unconditionally settle all claims made under the provisions of the Share Sale [...]
HEIDELBERG, GERMANY and TORONTO, ONTARIO--(Marketwired - Feb 10, 2015) - Deutsche Rohstoff AG (the "Acquiror") wishes to announce that on September 22, 2014, it acquired ownership and control of 12,209,302 common shares of Almonty Industries Inc. ("Almonty") at a value of CAD$0.86 per share, representing approximately 24.9% of the then issued and [...]
Deutsche Rohstoff buys back Corporate Bond for 5.6 million face value Heidelberg. The buyback offer at 105% of the face value, which Deutsche Rohstoff offered to the creditors of its corporate bond (WKN A1R07G; ISIN DE000A1R07G4), is completed. Creditors gave back bonds for a face value of 5.6 million Euro. The outstanding amount of the bond [...]
Almonty Industries filed today its financial statements for the year ended September 30, 2014. Net income amounted to CAD 10.39 million (EUR 7.3 million) with total revenues of CAD 29.6 million (EUR 20.8 million). This results in earnings per share of CAD 0.24. Almonty had cash and cash equivalents of CAD 14.87 million at its disposal.
Almonty Industries announces proposed merger with Woulfe Mining Creation of leading tungsten producer outside China Heidelberg. Almonty Industries announced today that it has entered into a non-binding letter of intent to combine the businesses of the two companies and create the leading tungsten company outside China. The transaction is expected [...]
Cub Creek Energy, oil and gas subsidiary of Deutsche Rohstoff, acquired acreage within the core area of the Wattenberg field in Colorado/USA. The company has initiated the permitting of twelve horizontal wells on the acquired acreage to facilitate development with a surface drilling location already having been contractually secured. CCE intends to [...]
Dear Sir or Madam, after nearly nine years, the time has come for me to say goodbye and pursue other interests. I am pleased to put the management of the company in the hands of my esteemed partner Thomas Gutschlag, with whom I have founded Deutsche Rohstoff in March 2006. I will continue to act as an advisor for the company to a limited extent [...]
Deutsche Rohstoff: Share Buyback completed Heidelberg. Deutsche Rohstoff (ISIN DE000A0XYG76, WKN A0XYG7) has completed its share buyback program today, which was initiated based on the resolution of the shareholder meeting dated 23 July 2013. Within the limits of the buyback program, the company purchased 259.075 shares during 16 July 2014 and 19 [...]
Deutsche Rohstoff: Further Proceeds for Elster Oil & Gas Land Sale for 2.8 Mio USD/ Further royalty revenues expected Heidelberg/Denver. Elster Oil and Gas, LLC (EOG), formerly Tekton Energy,LLC and currently a 93% owned subsidiary of Deutsche Rohstoff, has sold a remaining piece of land near the town of Windsor, Colorado. The land was originally [...]
Deutsche Rohstoff: Bond buyback Heidelberg. Deutsche Rohstoff AG has purchased outstanding bonds (ISIN DE000A1R07G4, WKN A1R07G) with a nominal value of EUR 4.93 million at market price. The buyback was carried out in an over the counter transaction. Selling parties were instititutional bondholders. The remaining nominal value of outstanding bonds [...]
Deutsche Rohstoff: Rhein Petroleum participates in new oil drilling activity in Bavaria Two wells in Lauben and Bedernau in the Lower Allgäu/Germany Heidelberg. Wintershall GmbH, oil and gas subsidiary of BASF, started drilling an oil well in Lauben in the Lower Allgäu region of Bavaria, Germany, today. Another well will be drilled in the [...]
Deutsche Rohstoff: Tekton Energy reports quarterly production figures and gives update of sales process 250,761 BOE in first quarter/Closing of asset sale expected on or before 30 May Heidelberg/Denver. Tekton Energy reported today that the company produced 250,761 barrels of oil equivalent in the first quarter of 2014. Tekton's share of the [...]