- W Resources said it has received preliminary approval from a US Special Situations Fund to provide it with a $30m term loan to fund the La Parrilla tungsten-tin mine in Spain.

The term loan had received preliminary approval from an investment committee and was subject to final due diligence and legal documentation.

Legal documentation is underway and financial close was targeted for late December 2017 or January 2018, the company said.

At 8:14am: [LON:WRES] W Resources PLC share price was +0.09p at 0.42p

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