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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 |
TIDMWRES
RNS Number : 1464N
W Resources PLC
28 January 2021
28 January 2021
W Resources Plc
("W" or the "Company")
Atlas Conversion Notice
W Resources Plc (AIM:WRES), the tungsten, tin and gold mining and exploration company with assets in Spain and Portugal, has received a Conversion Notice from Atlas Capital Markets for GBP100,000 of Convertible Bonds, the fourth tranche of the first GBP500k tranche drawn from the GBP4m facility.
W will issue 96,899,224 ordinary shares of 0.1p per share ("Ordinary Shares") at a conversion price of 0.1032p per Ordinary Share.
Application has been made for the admission trading on AIM of the Ordinary Shares ("Admission"). Following Admission, which is expected on or around 3 February 2021, the Company's enlarged issued share capital will comprise 7,709,935,731 Ordinary Shares with voting rights. The Company has no shares held in Treasury. This figure of 7,709,935,731 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
Information communicated within this announcement is deemed to constitute inside information as stipulated under the UK Market Abuse Regulation. 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 Paul Hailes, CFO Colin Aaronson / Seamus Fricker investor@wresources.com T: +44 (0) 20 7383 5100 www.wresources.com Joint Broker Joint Broker Turner Pope Investments (TPI) Alternative Resource Capital / Ltd Shard Capital Andy Thacker / Zoe Alexander Alex Wood T: +44 (0) 203 657 0050 T:+44 (0) 20 7186 9004 www.turnerpope.com www.altrescap.com Damon Heath T:+44 (0) 20 7186 9952 www.shardcapital.com Alma PR Justine James T: +44 (0) 20 3405 0205 M: +44 (0) 7525 324431 wres@almapr.co.uk
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(END) Dow Jones Newswires
January 28, 2021 02:00 ET (07:00 GMT)
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