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IN BRIEF: W Resources Secures Loan Under Spanish Covid Loan Schemes

23rd Jul 2020 06:56

W Resources PLC - London-based tungsten, tin and gold mining company with assets in Spain and Portugal - Secures EUR1.8 million of loan facilities under Spanish Covid-19 loan schemes. The loan will have an interest rate of 2% to 3% per annum and has been secured from four major Spanish banks. The new loans refinance and extend maturity of some existing facilities and provide new working capital to the company at low interest cost.

Current stock price: 0.24 pence

Year-to-date change: down 20%

By Greg Roxburgh; [email protected]

Copyright 2020 Alliance News Limited. All Rights Reserved.


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WRES.L
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