London: 15 May 2012 - ECR Minerals plc announces that it has
issued and allotted a total of 13,500,168 ordinary shares of 0.1p
("Ordinary Shares") to YA Global SPV Ltd ("YA Global") at 0.667p per
share in connection with an advance of £90,000 (the "Advance") under the
Company's Standby Equity Distribution Agreement (SEDA) with YA Global.
The proceeds of the Advance will be used to provide working capital for
the Company's gold exploration activities in Argentina and for general
Pursuant to this announcement application will be made for a total of
13,500,168 Ordinary Shares to be admitted to trading on AIM. Dealings
are expected to commence on 21 May 2012. Following admission the Company
will have a total of 727,409,600 Ordinary Shares in issue. The new
Ordinary Shares will rank pari passu in all respects with the Ordinary
Shares of the Company currently traded on AIM.
For further information please contact:
ECR Minerals plc Tel: +44 (0)20 7929 1010
Patrick Harford, Managing Director
Stephen Clayson, Director & Chief Financial Officer
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