- W Resources, a miner focused on Spain and Portugal, said it had sourced a $35m secured-term loan facility to fund the La Parrilla development in southwest Spain.

The lenders included one or more funds managed by BlackRock Financial Management, the company said.

The first $13.1m was expected to be drawn this week after satisfaction of the conditions precedent, with the balance to be committed and funded in the second quarter of 2018.

At 9:45am: [LON:WRES] W Resources PLC share price was +0.06p at 0.66p

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