Tungsten West PLC Temporary Suspension of Trading on AIM

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

Alistair Stobie

Tel: +44 (0) 1752 278500

Strand Hanson

(Nominated Adviser and Financial Adviser)

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

UPDKFLBBZBLBFBD

Tungsten West (LSE:TUN)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024