W Resources PLC - tungsten, tin & gold mining and exploration company - Amends loan facility provided by BlackRock Financial Management Inc. Within current facility, there is agreement in principal to pay BlackRock interest by way of Payment in Kind for May and August. Amendment allows for PIK of interest for the May, August and November, the last one at W Resources's option.
The company intends to issue 96.0 million warrants for May, warrants equal to 2% of the fully diluted capital for the August payment, and warrant equal to 3% of the company's capital for November.
Current stock price: 0.14 pence
Year-to-date change: down 57%
By Dayo Laniyan; email@example.com
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