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 £100,000 of Convertible Bonds, the fourth tranche of the first £500k tranche drawn from the £4m 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 Paul Hailes, CFO | Grant Thornton UK LLP Colin Aaronson / Seamus Fricker T: +44 (0) 20 7383 5100 |
Joint Broker Turner Pope Investments (TPI) Ltd Andy Thacker / Zoe Alexander T: +44 (0) 203 657 0050 | Joint Broker Alternative Resource Capital / Shard Capital Alex Wood T:+44 (0) 20 7186 9004 Damon Heath T:+44 (0) 20 7186 9952 |
Alma PR Justine James T: +44 (0) 20 3405 0205 M: +44 (0) 7525 324431 |
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