W Resources PLC Atlas Conversion Notice (1464N)
28 Enero 2021 - 01:00AM
UK Regulatory
TIDMWRES
RNS Number : 1464N
W Resources PLC
28 January 2021
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
GBP100,000 of Convertible Bonds, the fourth tranche of the first
GBP500k tranche drawn from the GBP4m 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 Grant Thornton UK LLP
Paul Hailes, CFO Colin Aaronson / Seamus Fricker
investor@wresources.com T: +44 (0) 20 7383 5100
www.wresources.com
Joint Broker Joint Broker
Turner Pope Investments (TPI) Alternative Resource Capital /
Ltd Shard Capital
Andy Thacker / Zoe Alexander Alex Wood
T: +44 (0) 203 657 0050 T:+44 (0) 20 7186 9004
www.turnerpope.com www.altrescap.com
Damon Heath
T:+44 (0) 20 7186 9952
www.shardcapital.com
Alma PR
Justine James
T: +44 (0) 20 3405 0205
M: +44 (0) 7525 324431
wres@almapr.co.uk
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END
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