The AIM-listed company’s cash level was lower than expected due to a difficult fourth quarter
W Resources PLC (AIM:WRES) said a previously announced fundraising round is expected to be completed early this week.
Discussions regarding the fundraising, which is expected to be in the form of debt, are at a very advanced stage, the tungsten, tin and gold mining company said.
Last week, the AIM-listed company said it needed to raise funds “at very short notice” after its cash position fell short of expectations due to a difficult fourth quarter.
READ: W Resources to take on new debt after tough fourth quarter
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