W Resources raises £360,000 for La Parrilla project

W Resources PLC (LON:WRES) has raised £360,000 to provide working capital during the ramp-up period at its La Parrilla mine in Spain.

The tungsten, tin and gold miner said in an update it issues 90mln ordinary share at the price of 0.4p each – a 12% premium on Thursdays closing price of 0.35p – to an unnamed new Spanish investor "with experience in the mining industry".

READ: W Resources kicks off tungsten and tin production at La Parrilla

The AIM-listed company, which owns mining assets in Portugal and Spain, expects to receive a €5.3mln (£4.5mln) grant from the regionRead More – Source