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IN BRIEF: W Resources to delist from AIM in May as energy costs bite

Mon, 25th Apr 2022 15:18

W Resources PLC - tungsten, tin and gold mining and exploration company in Spain and Portugal - Plans to delist shares from trading on AIM market in London, effective from around May 24. Cites the "unprecedented difficult financial and operating circumstances in which the company finds itself" due to the recent rise in energy prices. Shares have been suspended from trading since the start of April, and W Resources says on Monday that Grant Thornton UK LLP has resigned as its nominated adviser and Alternative Resource Capital and Shard Capital as its brokers.

W Resources says it will continue to operate as a miner and hopes to relist on a stock exchange "should circumstances allow and when appropriate".

By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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25 May 22 15:42

IN BRIEF: W Resources shares to be cancelled from AIM on Thursday

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IN BRIEF: W Resources suspends shares due to cashflow uncertainty

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2 Mar 22 20:28

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18 Feb 22 20:25

IN BRIEF: W Resources eyes fundraise early next week

W Resources PLC - tungsten, tin and gold mining and exploring company in Spain and Portugal - Says discussions regarding fundraise, which is expected to be in the form of debt, are at a "very advanced...

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15 Feb 22 14:44

IN BRIEF: W Resources shares down by a third as fundraise on horizon

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5 Jan 22 15:52

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