We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| W Resources Plc | LSE:WRES | London | Ordinary Share | GB00BKQN5R41 | ORD 0.1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 2.65 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMWRES
RNS Number : 4344Y
W Resources PLC
09 May 2019
09 May 2019
W Resources Plc
("W" or the "Company")
Advance on EUR5.3m Grant through Extremadura Bank
W Resources Plc (AIM:WRES), the tungsten, tin and gold production, exploration and development company with assets in Spain and Portugal, has secured a EUR3m loan facility with Caja Rural de Extremadura ("Caja Rural") that provides an advance of funding against the EUR5.3m grant awarded by the Junta de Extremadura Government which is expected to be paid to the Company in Q4 2019.
The EUR3m loan has an interest rate of 1.75% per annum for a term of 15 months, providing an efficient low-cost source of funds to W Resources. The loan provides a solid reserve of working capital at this pivotal point of development as the Company advances the ramp-up of theT2 phase of the La Parrilla mine to design capacity.
Michael Masterman, Chairman of W Resources said: "We are pleased to have secured the EUR3m facility with Caja Rural. The loan is a cost-effective way to enable advanced access to the Junta de Extremadura Government grant as part of the overall funding as we near completion of the T2 development at La Parrilla."
The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
Enquiries:
W Resources Plc Grant Thornton UK LLP Michael Masterman Colin Aaronson / Seamus Fricker T: +44 (0) 20 7193 7463 T: +44 (0) 20 7383 5100 www.wresources.com Turner Pope Investments (TPI) Ltd Gable Communications Andy Thacker Justine James T: +44 (0) 203 621 4120 T: +44 (0) 20 7193 7463 www.turnerpope.com M: +44 (0) 7525 324431
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
MSCQVLFBKEFZBBF
(END) Dow Jones Newswires
May 09, 2019 02:00 ET (06:00 GMT)
1 Year W Resources Chart |
1 Month W Resources Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
