Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

W Resources PLC raises £750,000 to push on at La Parrilla

W Resources is developing the La Parrilla project in Spain
W Resources PLC raises £750,000 to push on at La Parrilla
The placing was at 0.45p, a small discount to the close yesterday.

Tungsten, gold and copper junior W Resources PLC explorer (LON:WRES) has raised £750,000 through a share placing backed by its directors.

W Resources is developing the La Parrilla project in Spain, where tungsten production at a "fast-track mine" is scheduled for late 2016 at an estimated cost of US$16mln.

The junior is also exploring for gold at São Martinho and elsewhere in Portugal for tungsten at Regua and Tarouca.

The placing was at 0.45p, a small discount to the close yesterday.

Michael Masterman, chairman, is putting up £75,000 and David Garland, another director, £25,000.

Following the placing Masterman’s stake will rise to 24.5% and Garland’s 0.14%.

PhilW.jpg
Why Invest In W Resources PLC? Read More Here

Register here to be notified of future WRES Company articles
View full WRES profile

W Resources PLC Timeline

Related Articles

Kwale-workers.jpg
March 02 2017
Base Resources has a top quality mineral sands asset at Kwale and is benefiting from a recovery in the market
NSW-757.jpg
October 14 2016
The new licences bring Impact’s total ground holdings in the Lachlan Fold Belt to 1,000 square kilometres.
nevada
January 06 2017
Sienna's property is located in the deepest sections of a basin that's hosts lithium production from brine.

© Proactive Investors 2017

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use