REG - Tungsten West PLC - Temporary Suspension of Trading on AIM

Tungsten WestAnnouncement

01/10/2024 10:15

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RNS Number : 4541G  Tungsten West PLC  01 October 2024

1 October 2024

Tungsten West Plc

("Tungsten West", the "Company" or the "Group")

 

  Temporary Suspension of Trading on AIM

 

Tungsten West (LON:TUN), the mining company focused on restarting production
at the Hemerdon tungsten and tin mine ("Hemerdon" or the "Project") in Devon,
UK, announces a delay in the completion and publication of its audited
accounts for the year ended 31 March 2024 while the Company progresses its
Tranche F funding under the Convertible Loan Notes ("CLN"), comfort over which
is required for the auditors to sign off on going concern. Accordingly, a
temporary suspension of trading in the Company's shares took effect from
7:30am BST today, 1 October 2024.

 

The Company has received letters of comfort from certain key investors that
they will support the Tranche F funding and anticipates that it will be in a
position to provide an update and publish its final results shortly, following
which trading in its shares will be restored. A further announcement will be
made in due course.

 

This announcement contains inside information for the purposes of Article 7 of
Regulation 596/2014 as amended by the Market Abuse (Amendment) (EU Exit)
Regulations 2019.

 

Ends

 

For further information, please contact:

 

Enquiries

 Tungsten West                               Strand Hanson

 Alistair Stobie                             (Nominated Adviser and Financial Adviser)

 Tel: +44 (0) 1752 278500                    James Spinney / James Dance / Abigail Wennington

                                             Tel: +44 (0) 207 409 3494
 BlytheRay

 (Financial PR)

 Tim Blythe / Megan Ray

 Tel: +44(0) 20 7138 3204

 Email:  tungstenwest@blytheray.com

 Hannam & Partners

 (Broker)

 Andrew Chubb / Matt Hasson / Jay Ashfield

 Tel: +44 (0)20 7907 8500

 

Follow us on X @TungstenWest

 

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