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Vordere Issues GBP360,000 Worth Of Shares To New Spanish Investor

Fri, 29th Nov 2019 19:19

(Alliance News) - Vordere PLC on Friday said it as issued 90.0 million shares at 0.40 pence each to a new Spanish investor for a value of GBP360,000.

The funds will go toward the ramp-up period at its La Parrilla mine.

Vordere is also in advanced stages of finalising a EUR1.0 million additional debt facility, and still expected to receive a EUR5.3 million grant in the first quarter of 2020.

Shares in W Resources closed down 4.2% at 0.34 pence in London on Fiday.

By Anna Farley; annafarley@alliancenews.com

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