Last checked at 5 Feb 2021 16:52
ECR MINERALS plc
(“ECR Minerals”, “ECR” or the “Company”)
EXERCISE OF OPTIONS
ECR Minerals plc (LON: ECR), the gold exploration and development company focused on Australia, is pleased to announce the Company has received notice to exercise options over 3,000,000 shares (“Option Shares”) at 1.125 pence. Funds of £33,750 have been received by the Company in relation to these Option Shares.
Application has been made for the Option Shares to be admitted to trading on AIM (“Admission”). Admission is expected to occur on or around 18 February 2021. Upon Admission, ECR’s issued ordinary share capital will comprise 877,164,658 ordinary shares of 0.001p. This number will represent the total voting rights in the Company, and following Admission may be used by shareholders as the denominator for the calculation by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority’s Disclosure and Transparency Rules. The Option Shares will rank pari passu in all respects with the ordinary shares of the Company currently traded on AIM.
MARKET ABUSE REGULATIONS (EU) No. 596/2014
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (MAR). Upon the publication of this announcement via Regulatory Information Service (RIS), this inside information is now considered to be in the public domain.
FOR FURTHER INFORMATION, PLEASE CONTACT:
ECR Minerals plc |
| Tel: +44 (0)20 7929 1010 |
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David Tang, Non-Executive Chairman |
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Craig Brown, Director & CEO |
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Email: info@ecrminerals.com |
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Website: www.ecrminerals.com |
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WH Ireland Ltd |
| Tel: +44 (0)161 832 2174 |
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Nominated Adviser |
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Katy Mitchell/James Sinclair-Ford |
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SI Capital Ltd |
| Tel: +44 (0)1483 413500 |
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Broker |
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Nick Emerson
Novum Securities Limited Broker Jon Belliss |
| Tel: +44 (0)20 7399 9425 |
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ABOUT ECR MINERALS PLC
ECR is a mineral exploration and development company. ECR’s wholly owned Australian subsidiary Mercator Gold Australia Pty Ltd has 100% ownership of the Bailieston and Creswick gold projects in central Victoria, Australia. ECR is currently drilling high priority targets on the Bailieston gold project using the Company’s own diamond drill rig. ECR has an experienced exploration team with significant local knowledge in the Victoria Goldfields.
Following the sale of the Avoca, Moormbool and Timor gold projects in Victoria, Australia to Fosterville South Exploration Ltd (TSX-V: FSX), ECR has the right to receive up to A$2 million in payments subject to future resource estimation or production at those projects.
ECR has earned a 25% interest in the Danglay gold project, an advanced exploration project located in a prolific gold and copper mining district in the north of the Philippines, and holds a royalty on the SLM gold project in La Rioja Province, Argentina.
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