- W Resources has completed a placement of 232.14m shares at 0.28p each to raise £650,000 gross.

The funds raised would be used to provide general working capital and to advance the La Parrilla mine development in the lead up to the planned debt financing completion in the second half of 2017.

This included:

- Completion of procurement and selective engineering on key plant items

- Final award of the the crusher and concentrator packages

- Completion of small spend items help advance project execution

- Land access payment as per existing agreements with land owners.

At 9:00am: [LON:WRES] W Resources PLC share price was 0p at 0.28p

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