StockMarketWire.com - Spain and Portugal focused miner W Resources said it had drawn down a £500k tranche from its £4.0m Atlas Capital Markets convertible bond facility, which was secured on 30 March.
This convertible bond tranche had a 5% coupon and three-year term.
Atlas could convert the bond to W Resources shares by issuing a conversion notice.
At 9:28am: [LON:WRES] W Resources PLC share price was 0p at 0.15p
Story provided by StockMarketWire.com
Shares Magazine
Shares is the leading weekly publication for retail investors. It is packed with investment ideas, news and educational material to help build and run portfolios and get more from your money.
Investor Events
Shares puts on free Investor Events throughout the year across the country. They provide an opportunity for investors to learn more about companies on the stock market and hear from a range of investment experts including fund managers and Shares journalists.