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W Resources PLC - tungsten, tin and gold mining and exploration company in Spain and Portugal - Plans to delist shares from trading on AIM market in London, effective from around May 24. Cites the ‘unprecedented difficult financial and operating circumstances in which the company finds itself’ due to the recent rise in energy prices. Shares have been suspended from trading since the start of April, and W Resources says on Monday that Grant Thornton UK LLP has resigned as its nominated adviser and Alternative Resource Capital and Shard Capital as its brokers.
W Resources says it will continue to operate as a miner and hopes to relist on a stock exchange ‘should circumstances allow and when appropriate’.
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