W Resources PLC says it expects to complete fundraising early this week

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

Add related topics to MyProactive

Create your account: subscribe and get ahead of news and events


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…


Previous Nelson Peltz's Trian Fund Management Portfolio - Q4 2021 Update
Next China's Supreme Court Rules Crypto Fundraising Illegal