W Resources PLC (AIM:WRES) said a previously announced fund raising is expected to be completed early this week.
Discussions regarding the fund raising, which is expected to be in the form of debt, are at a very advanced stage, said the tungsten, tin and gold mining company.
Last week, the AIM-traded company said it needed to raise funds “in the very short term” after its cash position was lower than expected due to a difficult fourth quarter.
READ: W Resources to take on new debt after tricky fourth quarter