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

Copper-piping---sized.jpg
October 26 2015
Rambler Metals and Mines moves past a big impairment charge on lower copper prices, to plan an extension of output and mine life
La-Parrilla-02.jpg
November 11 2015
W Resources is now closing in on a final investment decision for the La Parrilla tungsten project in Spain
Loharano_5652c6a17bef4.jpg
November 23 2015
"Subject to follow up testing confirming mineralisation we hope to have sufficient graphitic ore in the existing operational area to support a significant expansion programme," the CEO said.

© Proactive Investors 2016

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.