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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 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 significantly increasing tungsten and tin production at the La Parrilla mine as well as providing additional working capital to cover the ramp-up in production, the company said. ....

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