Hargreaves Services plc
("Hargreaves" or the "Group")
Admission of Tungsten West plc to the Alternative Investment Market
Hargreaves Services plc (AIM: HSP), a diversified group delivering services to the industrial and property sectors, notes today's admission of shares in Tungsten West plc ("TWL") to trading on the Alternative Investment Market ("AIM").
The Group is party to an exclusive Mining Services Agreement with Drakelands Restoration Limited ("DRL"), a subsidiary of TWL, details of which are disclosed in the Admission Document of TWL which can be accessed at:
One aspect of this agreement is that independent of any mining activity being carried out at the site, DRL is due to pay Hargreaves £1m on 29 November 2021 and an equivalent sum each year for the following seven years.
The Board congratulates TWL on their admission to AIM and wishes them every success.