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W Resources PLC (AIM:WRES) | RNS | W Resources PLC - Placing to Raise £2.5m. Total Voting Rights


W Resources Plc (AIM:WRES), the tungsten, tin and gold mining Company with assets in
Spain and
Portugal, has completed a placement of 28,278,610 ordinary shares of 0.1p per share ( Ordinary Shares ) at 8p per Ordinary Share to raise
£2.26 million (the Placing ) before expenses to new and existing investors.
Michael Masterman, W s Chairman, intends to participate and invest
£250,000 on the same terms as the Placing, once the Company has published its accounts for the year ended
31 December 2020 and the Company is no longer in a closed period; this will increase the fundraising to c£2.5 million. The Company will publish its accounts in the coming weeks. ....

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W Resources PLC to raise £2.5mln in placing, use funds to resolve high water level issue at La Parrilla mine


Tungsten recovery rates continue to improve and were around 50% during April, it said.
Funds from the placing will also provide additional working capital to cover the ramp-up in production at La Parrilla.
The AIM-quoted company raised £2.26mln before expenses through a placement of 28.3mln shares at 8p per share, a 13.5% discount to Friday’s closing price.
Its chairman Michael Masterman also intends to participate and invest £250,000 on the same terms as the placing, once the company has published its accounts for 2020 and is no longer in a closed period, increasing the fundraising to around £2.5mln. W Resources plans to publish its accounts in the coming weeks. ....

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FTSE 100 dips into the red as Wall Street comes back from record highs

FTSE 100 dips into the red as Wall Street comes back from record highs
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