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
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that nothing posted on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction or investment strategy is…
In return for publishing services rendered by the Company on behalf of W Resources PLC named herein, including the Company’s promotion of W Resources PLC in any Site Content, the Company receives…
FOR OUR FULL DISCLAIMER, CLICK HERE
/cloudfront-us-east-2.images.arcpublishing.com/reuters/F3JH23GVSBO5DOMJMXLZNKUJ3M.jpg)
