Watchlist
W Resources 0.1375p £9.2m #WRES The tungsten, tin and gold mining company with assets in Spain and Portugal, has drawn down a £500,000 tranche from the £4.0 million Atlas Capital Markets convertible bond facility, which was secured on 30 March 2020. This convertible bond tranche has a 5% coupon and 3-year term. As part of the agreement, Atlas can convert the bond to W shares by issuing a conversion notice with the price set at 95% of the selected 3-day VWAP in the 15 days leading up to the issue of a conversion notice by Atlas.
info
Login or register to post comments