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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January 28, 2021 02:00 ET (07:00 GMT)

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