Aim-listed W Resources on Monday announced that it had raised about €1-million from two Spanish investors and said that it would need additional funding over the next two months to maintain the pace at which the La Parilla mine was being developed.
The company placed 185 511 200 shares at 0.5p each to raise £927 556 from family offices of Spanish businesses in the Extremadura region, where La Parrilla is located.