W Resources PLC Exercise of Warrants (5414F)
February 21 2018 - 5:29AM
UK Regulatory
TIDMWRES
RNS Number : 5414F
W Resources PLC
21 February 2018
21 February 2018
W Resources Plc
("W" or the "Company")
Exercise of Warrants
W Resources Plc (AIM:WRES), the tungsten, copper and gold
exploration and development company with assets in Spain and
Portugal, is pleased announce that an investor in the Company has
exercised warrants to acquire 21,428,571 ordinary shares of 0.1p
per share ("Ordinary Shares") in the Company at the exercise price
of 0.42p. The total consideration received was GBP90,000.
Application will be made for the new Ordinary Shares being
issued in connection with the warrants to be admitted to trading on
AIM which is expected to occur on or around 27 February 2017.
Following admission of the new Ordinary Shares, the Company's
enlarged issued share capital will comprise 5,178,074,605 Ordinary
Shares with voting rights. The Company has no shares held in
Treasury. This figure of 5,178,074,605 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.
Enquiries:
W Resources Plc Grant Thornton UK LLP
Michael Masterman Colin Aaronson / Jen
T: +44 (0) 20 7193 7463 Clarke / Harrison Clarke
www.wresources.co.uk T: +44 (0) 20 7383 5100
Turner Pope Investments (TPI) Gable Communications
Ltd Justine James
Andy Thacker T: +44 (0) 20 7193 7463
T: +44 (0) 203 621 4120 M: +44 (0) 7525 324431
www.turnerpope.com
This information is provided by RNS
The company news service from the London Stock Exchange
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