Stephen Clayson, Chief Executive Officer of ECR, commented:
“The directors of ECR are pleased to have established a framework for the introduction of potentially appropriate opportunities for Mercator Gold Australia by Metal Tiger, which has links to Australia through two of its directors, and we hope that the collaboration will prove fruitful.”
The Agreement constitutes a related party transaction under the AIM Rules for Companies, by virtue of Paul Johnson, an executive director of Metal Tiger, having been a director of ECR within the twelve months preceding the date of the Agreement. The current directors of ECR consider, having consulted with Cairn Financial Advisers LLP, the Company’s nominated adviser, that the terms of the Transaction are fair and reasonable insofar as ECR shareholders are concerned.
As far as I know this agreement has not been cancelled yet.
and regarding "The current directors of ECR consider, having consulted with Cairn Financial Advisers LLP, the Company’s nominated adviser, that the terms of the Transaction are fair and reasonable insofar as ECR shareholders are concerned."
- I would like to know if our recently appointed financial director shares that view.
Could fit into the current situation. Neaterm income through avoca and balieston + maybe and hopefully surprise RNS regarding further MGA usage??
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