Login:
Share:
Email Facebook Twitter

ECR Share Chat - RSS Feed

ECR Minerals Share Chat (ECR)



Share Price: 0.22Bid: 0.21Ask: 0.23Change: 0.00 (0.00%)No Movement on Ecr Minerals
Spread: 0.02Spread as %: 9.52%Open: 0.225High: 0.225Low: 0.22Yesterday’s Close: 0.22


Share Discussion for Ecr Minerals (ECR)


Thread ViewThread View
Please Login or Register to post messages
Posts per page:


nightyard
Posts: 164
Off Topic
Opinion:No Opinion
Price:0.28
johnsp
11 Mar '14
Ignore that previous one
 
nightyard
Posts: 164
Off Topic
Opinion:No Opinion
Price:0.28
johnsp
11 Mar '14
Mercator gold Australia ticker was Mga
not mcr
MarkyMarkMan
Posts: 36
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.28
View Thread (3)
RE: honador
11 Mar '14
hmmm that is interesting indeed. Can't quite explain that one.
honador
Posts: 1,074
Off Topic
Opinion:No Opinion
Price:0.28
View Thread (3)
RE: honador
11 Mar '14
Fair points...

So please explain why that RNS is available under MCRs ticker, dated 10/05/2010?
johnsp
Posts: 711
Off Topic
Opinion:No Opinion
Price:0.28
View Thread (3)
honador
11 Mar '14
the mcr that pj has just bought into is NOT mercator. it's mercer resources. completely different company.

mercator is a subsidiary of ecr.

there certainly was a link between mercator and themac as themac were going to fund mercator, but pulled out
honador
Posts: 1,074
Off Topic
Opinion:No Opinion
Price:0.28
View Thread (2)
RE: honador
11 Mar '14
Thought it might be of interest, if not, simply ignore...

If you read the text, there appears to be a (previous) link between Themac and MCR, MCR being the company that PJ has uplifted his holding to +5%.

Slightly tenuous...but I like it.

ATB
johnsp
Posts: 711
Off Topic
Opinion:No Opinion
Price:0.28
View Thread (2)
honador
11 Mar '14
why are you posting rns from 2010?
Bckttsim
Posts: 157
Off Topic
Opinion:No Opinion
Price:0.28
8.3%
11 Mar '14
Sorry wrong thread
Should be IXI thread
Bckttsim
Posts: 157
Off Topic
Opinion:No Opinion
Price:0.28
Trades
11 Mar '14
Now 8.3%
honador
Posts: 1,074
Off Topic
Opinion:No Opinion
Price:0.28
View Thread (2)
RE: Courtesy of Tamer on III
11 Mar '14
continued...

In the event that the Transaction is not completed, holders of Subscription Receipts would receive an interest equal to the amount of their subscription in the repayment of the advance of US$850,000 made to NMCC by THEMAC (announced 6 April, 2010). Alternatively, subject to the approval of the TSX Venture Exchange and the agreement of THEMAC and Mercator, the conversion of the Subscription Receipts would take place as planned.

About the Copper Flat Project and the Transaction

Copper Flat is a former producing mine with substantial infrastructure still in place. As a result of the Transaction, Mercator will hold a substantial interest in THEMAC, and will therefore retain a very significant interest in the Copper Flat project's future development.

Completion of the Transaction is conditional, inter alia, on the completion of a second placing ("the Second Placing") of units of THEMAC sufficient to raise C$5 million at a minimum placing price of C$0.50 per unit, each unit to consist of one common share and one warrant valid for one year and exercisable to acquire one common share at a price sufficient to raise C$10 million should all the warrants of the Second Placing be exercised.

Following completion of the Transaction and the Second Placing (assuming that the Second Placing is completed at C$0.50 per unit and that no warrants are exercised), it is anticipated that Mercator will hold 37.5% of the THEMAC's outstanding shares.

THEMAC is working with SRK Consulting (US) Inc. ("SRK") to complete a revised resource estimate and a preliminary assessment (as defined in Canadian National Instrument 43-101) on the Copper Flat property. The availability of the preliminary assessment is a condition of completion of the Transaction.

THEMAC has been advised that it will receive the initial draft of the NI 43-101 compliant preliminary assessment from SRK by early June 2010, and will thereafter make its formal submissions to the TSX Venture Exchange for approval of the Transaction.

About Mercator

Mercator is a diversified mineral development company dedicated to creating value for its shareholders through a process of finding value, adding value and realising value. Mercator has an experienced management team with expertise in the structuring and execution of value accretive transactions.



Share Trading BrochureRequest your Free brochures on share dealing, spread betting and CFDs

Sign up for Live Prices


Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.