Tungsten West plc conditionally raised £2.8 million by adding a further tranche to its existing 2023 convertible loan notes. HEMERDON Certain existing CLN holders subscribed for tranche G in part A for £1.9 million and part B for £900,000. The company also proposes a “major” capital raise expected from the beginning of Q2 2025 which […]
Tag: Tungsten West plc
Tungsten West appoints Stephen Harrison as chairman
Tungsten West plc has appointed Stephen Harrison as its new non-executive chairman. He replaces David Cather who continues in his role of non-executive director of the company. Mr Harrison is currently chairman of building products manufacturer Epwin Group plc and a non-executive director of iron casting and machining group Castings plc. Until May 2023, he was chief […]
Tungsten West raises £2m via CLNs
Tungsten West plc has raised £2 million by adding an additional tranche to the existing 2023 convertible loan notes to progress work at the Hemerdon mine in Devon. FINANCING Tranche F is on substantially the same terms as tranches A, B, C, D and E of the CLNs. The company said that July’s tranche E […]
Tungsten West appoints Jeffery Court as CEO
Tungsten West plc has appointed Jeffery Court as chief executive officer on the board, effective no later than 1 November 2024. His appointment is subject to completion of his notice period from current employer Capital Ltd, due diligence and approval of a UK work visa. Mr Court is an international mining executive with more than […]
Tungsten West raises £2.9m via CLN
Tungsten West plc has raised £2.975 million by way of an additional tranche E to the existing 2023 convertible loan notes and tranche D CLN. FINANCING The amended and restated CLN to a tranche E is on substantially the same terms as tranches A, B, C and D and matures on 31 January 2025. Tungsten […]
Tungsten West appoints interim CEO as director
Tungsten West plc has appointed interim chief executive officer Alistair Stobie as an executive director. Mr Stobie holds no shares or options in the company. Previous CEO Neil Gawthorpe has now left Tungsten West following finalisation of his settlement agreement.