Business
Temporary Suspension of Trading on AIM
Temporary Suspension of Trading on AIM.
About this update from Tungsten West Plc
[{"type":"text","content":"\n\n1 October 2024\nTungsten West Plc\n(\"Tungsten West\", the \"Company\" or the \"Group\")\n \n Temporary Suspension of Trading on AIM\n \nTungsten 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.\n \nThe 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.\n \nThis 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.\n \nEnds\n \nFor further information, please contact:\n \nEnquiries\n\n\n\n\nTungsten West\nAlistair Stobie\nTel: +44 (0) 1752 278500\n \n\n\nStrand Hanson\n(Nominated Adviser and Financial Adviser)\nJames Spinney / James Dance / Abigail Wennington\nTel: +44 (0) 207 409 3494\n\n\n\n\nBlytheRay\n(Financial PR)\nTim Blythe / Megan Ray\nTel: +44(0) 20 7138 3204\nEmail: [email protected]\n \nHannam & Partners\n(Broker)\nAndrew Chubb / Matt Hasson / Jay Ashfield\nTel: +44 (0)20 7907 8500\n\n\n\n\n\n\n\n \nFollow us on X @TungstenWest\n \n\n","length":4457,"tagName":"div"}]