Laytons ETL’s Equity Capital Markets team advised AIM-quoted Tungsten West Plc, the mining company focused on restarting production at the Hemerdon tungsten and tin mine in Devon U.K., on a fundraising by way of adding an additional tranche G to its existing 2023 Convertible Loan Notes (CLN). The proceeds of Tranche G raised from existing CLN noteholders will be used to continue work on the studies required to build a robust plan and economic mode together with general working capital purposes.
Our Equity Capital Markets team was led by Joan Yu (Partner and Head of Corporate) and supported by Cameron Sutton (Associate) and Alexandra Alhgren (Solicitor).