W Resources raises £2.5m to lower water level at La Parrilla mine | 17 May 2021
17 May 2021 | 07:59am StockMarketWire.com - Tungsten miner W Resources said it would raise £2.5 million from a share issue to lower the water level at its La Parrilla mine in Spain and regain access to higher-grade ore. New shares in the company were offered at 8p each, with £2.26 million raise from new and existing investors. Chairman Michael Masterman had committed to personally investing an additional £0.25 million. 'The majority of the funds raised from the Placing will be used to achieve the permanent solution to high water levels thereby giving access to higher-grade ore and signific...