LONDON (Alliance News) - W Resources PLC said Thursday that it has raised a further GBP200,000 through the placing of 100 million shares at 0.2 pence per share, following on from its placing to raise GBP375,000 last Friday.
W Resources will use the funds to complete the repayment of its Bergen convertible note.
Shares in W Resources are trading down 9.4% at 0.231 pence Thursday afternoon.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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