Ecr Minerals Regulatory News (ECR)



Regulatory News for Ecr Minerals (ECR)


Share Price: 0.10Bid: 0.09Ask: 0.11Change: -0.005 (-4.76%)Faller - Ecr Minerals
Spread: 0.02Spread as %: 22.22%Open: 0.105High: 0.104Low: 0.096Yesterday’s Close: 0.105





Issue of Equity

Tue, 15th May 2012 16:31

ECR MINERALS plc

("ECR Minerals", "ECR" or the "Company")

AIM: ECR

US OTC: MTGDY

ISSUE OF EQUITY

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 corporate purposes.

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

Email: info@ecrminerals.com

Website: www.ecrminerals.com

Daniel Stewart & Company plc Tel: +44 (0)20 7776 6550

Paul Shackleton/Tessa Smith/David Hart

Old Park Lane Capital plc Tel: +44 (0)20 7493 8188

Michael Parnes

Blythe Weigh Communications Tel: +44 (0)20 7138 3204

Matthew Neal/Tim Blythe/Paul Weigh

Copyright Business Wire 2012



Related Shares: ECR Minerals (ECR).




DateSourceHeadlineCategory
22-May-13 07:00BUSPLACING TO RAISE £400,000Company Announcement - General
10-May-13 14:27BUSHolding(s) in CompanyResults and Trading Reports
01-May-13 16:22BUSHolding(s) in CompanyResults and Trading Reports
29-Apr-13 16:35BUSIssue of EquityNon-Regulatory News
29-Apr-13 14:00BUSECR SECURES RIGHT TO EARN 50% INTEREST IN ITOGON GOLD-SILVER PROJECT, PHILIPPINESCompany Announcement - General
05-Apr-13 07:00BUSFINANCING UPDATECompany Announcement - General
02-Apr-13 09:28BUSRESULT OF AGM AND STATEMENTCompany Announcement - General
07-Mar-13 07:47BUSFinal ResultsCompany Announcement - General
25-Feb-13 13:06BUSTHEMAC Resources Update
18-Feb-13 15:22BUSFINANCING UPDATE
15-Feb-13 13:31BUSTHEMAC Resources Update
11-Feb-13 16:14BUSCOMPLETION OF GOLD CREST SALE
31-Jan-13 14:47BUSTotal Voting Rights
31-Jan-13 09:51BUSBOARD CHANGES
14-Jan-13 11:52BUSResult of General Meeting and Update
28-Dec-12 09:37BUSFinancing Update
24-Dec-12 07:00BUSDisposal of Interest in Gold Crest and Its Subsidiary, ACS
19-Dec-12 13:15BUSTHEMAC RESOURCES UPDATE
06-Dec-12 15:39BUSTHEMAC Resources News Release
30-Nov-12 12:00BUSTotal Voting Rights
23-Nov-12 15:31BUSIssue of Equity
19-Nov-12 11:57BUSDirectorate Change
15-Nov-12 13:47BUSNegotiations re Sale of Shareholding in Gold Crest Holdings Ltd
30-Oct-12 16:57BUSIssue of Equity
25-Oct-12 16:07BUSEL ABRA GOLD PROSPECT UPDATE
22-Oct-12 07:00BUSUPDATE ON ACTIVITIES
03-Oct-12 10:13BUSHolding(s) in Company
03-Oct-12 07:52BUSTHEMAC Begins Work On Definitive Feasibility Study For Copper Flat Project
28-Sep-12 12:17BUSTotal Voting Rights
18-Sep-12 10:44BUSUnderground Sampling in Progress at El Abra Gold Prospect


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