27th Oct 2014 09:07
LONDON (Alliance News) - W Resources PLC on Monday said it has executed the first closing on its financing deal with Bergen Asset Management LLC.
The minerals explorer said earlier this month it has secured an investment through Bergen for a convertible security and private placement facility to back its growth plans.
W Resources on Monday said it has received USD800,000 from the issue of the convertible security.
Shares in the company were down 4.5% to 0.563 pence in early trade on Monday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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