8 April 2021
W Resources Plc
("W" or the "Company")
Atlas Conversion Notice and
Total Voting Rights
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 ("Atlas") for £250,000 of Convertible Bonds, the first tranche of the second £500k tranche drawn from the £4m facility.
W will issue 2,724,469 ordinary shares of 0.1p per share ("Ordinary Shares") at a conversion price of 9.1761p per Ordinary Share.
Settlement and Dealings
Application will be made for the admission trading on AIM of the 2,724,469 Ordinary Shares ("Admission"), which is expected on or around 14 April 2021.
Total Voting Rights
Following Admission, the Company's enlarged issued share capital will comprise 80,823,827 Ordinary Shares with voting rights. The Company has no shares held in Treasury. This figure of 80,823,827 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 Market Abuse Regulation (EU) No. 596/2014 which is part of UK law by virtue of the European Union (withdrawal) Act 2018. 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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