15th Mar 2016 09:38
LONDON (Alliance News) - W Resources PLC on Tuesday said it has raised another GBP100,000 through a placing to cover additional demand for its recent share issue.
W Resources said it will issue 22.2 million additional shares at 0.45 pence per share to cover further demand following its USD750,000 placing announced last week. Shares in W Resources were down 2.1% to 0.47p Tuesday.
The funding will be used for mine and plant engineering work at its La Parrilla and Regua projects in Spain, plus resource estimate work on the Sao Martinho project in Portugal.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
WRES.L