Company acquired PMC’s and SRL’s 48% joint interest in the Nickel-Cobalt Property. PMC
Almo Capital Corp.
603 East 30th Avenue Vancouver, BC V5V 2V7
NEWS RELEASE
September 22, 2015 – Vancouver, British Columbia. Almo Capital Corp. (the “Company”) (TSX-V: APT) announces that it has entered into an agreement to acquire the remaining interest in its DD Property and the Nickel-Cobalt Property for nominal consideration. Pursuant to an agreement among the Company, Precious Metals Corp. (“PMC”) and Silcum Resources Ltd. (“SRL”), the Company acquired PMC’s 49.99% interest in the DD Property. In addition, the Company acquired PMC’s and SRL’s 48% joint interest in the Nickel-Cobalt Property. PMC and SRL have further agreed to terminate any royalty agreements held by any persons relating to the DD Property and the Nickel-Cobalt Property, including the pre-existing 3% net smelter return royalties detailed in the Company’s public disclosure record. Ram Vallabh, the President, director and control person of the Company, is also the President, director and a control person of PMC and SRL.
For the acquisition of the respective interests and the termination of the royalty agreements relating to the properties, the Company has agreed to pay the nominal consideration of $10.00 to PMC and SRL.
Upon completion of the acquisition, the Company will own 100% of DD Property and the Nickel-Cobalt Property, in addition to its 100% interest in the Moore Property.
“Ram Vallabh”
_________________________ Ram Vallabh 604-873-8168
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.