27th Nov 2018 12:51
LONDON (Alliance News) - W Resources PLC said Tuesday it raised GBP1.5 million in a placing of 306.1 million shares to secure funding for early start-up of production of tungsten and tin concentrate at its La Parrilla mine in Spain.
Shares in the copper and gold miner were trading up 3.1% at 0.51 pence each.
The mining company issued the shares at 0.49p each to new and existing shareholders.
Admission to trading of the new shares is expected on December 4, following which the company will have 5.78 billion shares in issue.
Related Shares:
WRES.L