Further dilution RNS26 Jan 2021 08:10
Issue of Shares
W Resources Plc (AIM:WRES), the tungsten, tin and gold mining company with assets in Spain and Portugal, announces that it has issued 247,290,458 ordinary shares of 0.1p per share ("Ordinary Shares") at a deemed price of 0.1113p per Ordinary Share.
The first tranche of £44,603.03, forms part of Director, Pablo Neira's 2020 remuneration package, (see table below) and the second tranche of £230,631.25 is issued to technical and professional creditors.
Application will be made for the new Ordinary Shares to be admitted to trading on AIM with admission expected to occur on or around 1 February 2021.
Following admission of the new Ordinary Shares, the Company's enlarged issued share capital will comprise 7,613,036,507 Ordinary Shares with voting rights. The Company has no shares held in Treasury. This figure of 7,613,036,507 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules