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ECR Minerals Share Chat (ECR)



Share Price: 0.085Bid: 0.00Ask: 0.00Change: 0.00 (0.00%)No Movement on Ecr Minerals
Spread: 0.00Spread as %: 0.00%Open: 0.09High: 0.00Low: 0.00Yesterday’s Close: 0.085


Share Discussion for Ecr Minerals (ECR)


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forest4032
Posts: 4,010
Off Topic
Opinion:No Opinion
Price:0.13
Just when we thought that .........
28 May '15
PARTIAL CONVERSION OF LOAN

LONDON: 28 MAY 2015 - ECR Minerals plc announces the issue and allotment of 89,464,286 new ordinary shares of 0.1 pence each in the Company (“Ordinary Shares”) at a price of £0.001092 (0.1092 pence) per share pursuant to the conversion of US$150,000 of outstanding principal amount under the Company’s convertible loan facility (the “Facility”) with YA Global Master SPV Ltd (“YA Global”). Accordingly, the outstanding principal amount will be reduced by US$150,000, leaving a total of US$1,135,712 in principal amount outstanding under the Facility.

A further 1,925,870 new Ordinary Shares are to be issued and allotted to YA Global at a price of £0.001092 (0.1092 pence) per share in settlement of accrued interest.

Pursuant to this announcement, application has been made for 91,390,156 new Ordinary Shares of the Company to be admitted to trading on AIM. This is expected to occur on 3 June 2015 (“Admission”). Following Admission, ECR’s issued ordinary share capital will consist of 3,804,556,498 Ordinary Shares. The new Ordinary Shares will rank pari passu in all respects with the Ordinary Shares of the Company currently traded on AIM.

The total of 3,804,556,498 Ordinary Shares may therefore be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA’s Disclosure and Transparency Rules
 
JetJock
Posts: 417
Off Topic
Opinion:No Opinion
Price:0.13
View Thread (3)
RE: news
28 May '15
My money is on News 3rd/4th next week
Posh79
Posts: 1,365
Observation
Opinion:No Opinion
Price:0.13
View Thread (3)
news
28 May '15
will still be a couple weeks away in my opinion.. If it was going to be on the 1st or 2nd then they wouldnt have bothered with an RNS
forest4032
Posts: 4,010
Off Topic
Opinion:No Opinion
Price:0.13
RNS
28 May '15
partial conversion of loan
EAGLESDARE
Posts: 155
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.13
june
28 May '15
i hope next week im on holiday the one after!!! just my luck!!! weather better be good lol
Howardjardine
Posts: 831
Premium Chat Member
Off Topic
Opinion:Strong Buy
Price:0.13
June
28 May '15
So we wait a little longer, no big deal. At least we know why and also that it outside of the BoD's control. It would be nice to build 8% a day till then :-)
blue1
Posts: 2,167
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.13
News
28 May '15
There is a big difference between June and the End of June in fact 30 days to be precise, so the news could come at the beginning, the middle or the end, in other words they said June not the end of June.
cash2
Posts: 492
Off Topic
Opinion:No Opinion
Price:0.13
View Thread (2)
RE: Itogon news
28 May '15
Darlington, it is not stated anywhere that it is imminent - so I am not sure where you get this from -

It is expected in June and Clayson says he 'hopes' the delay is brief - so no guarantee there too - so once again, I will reiterate my view - at most 30 days (if it is June). There simply is no clarity.

I believe it looks good but too much delay is not looking good for the SP
Darlington1
Posts: 45
Off Topic
Opinion:No Opinion
Price:0.13
View Thread (2)
Itogon news
28 May '15
Guys it's not slated for the end of June. It's (dare I say it) imminent. It comes out when it's ready. It could be out next week at the earliest. Have some optimism
cash2
Posts: 492
Off Topic
Opinion:No Opinion
Price:0.13
View Thread (2)
RE: RE: RE: SP
28 May '15
Yeah I understand. I do get the impression that many LTSH here are ****ed off with this - but who knows - maybe this could be the turning pt? Who knows? 0.12 is still ridiculously low for a company investing in gold in two different parts of the world - with positive results first time and a potential JV . Let's see.

We should know now by end of June.

I was surprised with the delay considering that Clayson said in his previous interview that May is the month. He informed us of SLM developments - so true to his word there - we are now waiting for more SLM news in June and Itogon in May - I remember what happened with FTE when their SP went from 0.15 or 0.2 to 0.6p waiting for the JORC upgrade. That was a good time for those who were patient.

Speak soon Lupi





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