London: 30 March 2012 - On 27 March 2012 ECR Minerals plc
announced that Patrick Harford had tendered his resignation as Managing
Director of ECR and that his resignation had been accepted by the board
of the Company (the "Board"). Mr Harford had stated that his resignation
was for personal reasons.
The Board of ECR is pleased to announce that, following the resolution
of these personal matters, Mr Harford has agreed to re-join the Board of
ECR as an executive director with immediate effect.
On 27 March 2012 the Company also announced details of a substantial
cost reduction programme. In order to further reduce costs Michael
Silver has tendered, and the Board has accepted, his resignation as a
director of the Company effective 30 April 2012.
Until Mr Silver's resignation becomes effective, and subject to
re-election at the Company's AGM on 31 March 2012, his role will be that
of a non-executive director of the Company and, subject to re-election
at the AGM, Patrick Harford will take on the duties of Chairman of the
The Board would like to thank Mr Silver for his assistance in the
development of the Company since 2008. Mr Silver has advised that he
will be available to consult to the Company as required following 30
Save for above and below and pursuant to Rule 17, Schedule Two (g) of
the AIM Rules, the following information is disclosed in respect of
Patrick Harford (age 60).
Ademro Pty Ltd Mercator Gold Australia Pty Ltd Gold Crest
Holdings Ltd New Mexico Copper Corporation Copper Flat
Corporation Warm Springs Renewable Energy Corporation
Past appointments: Northern Territory Gold Mining NL Nexon
Limited Bonheur 27 General Trading Pty Ltd Lexshell 649
Investments (Pty) Ltd Central China Goldfields plc
Kakadu Resources Ltd and Complete Form Pty Ltd, companies in which Mr
Harford held directorship positions, were placed into administration in
1985 and 1987 respectively.
Mr Harford is currently interested in 2,000,000 ordinary 0.1p shares of
the Company representing approximately 0.28% of the Company's issued
For further information please contact:
ECR Minerals plc
Tel: +44 (0)20 7929 1010
Patrick Harford, Executive Chairman
Stephen Clayson, Director & Chief Financial Officer
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